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Ikea

September 19, 2011

Ingvar Kamprad, the billionaire founder of Swedish furniture retailer Ikea, has promised to donate more than €1 billion to charity.

Ingvar Kamprad, the billionaire founder of Swedish furniture retailer Ikea, has promised to donate more than €1 billion to charity.

He has instructed the Ikea Foundation, which has owned Kamprad’s family business since 1982, to increase its charitable spending substantially, reports say.

August 12, 2011

Just 20 or 30 years ago, octogenarian family-business leaders were few and far between. Now, as life expectancy rises, an increasing number of business leaders are in their 80s and demographic trends will ensure this rises further in the future. But does it make good business sense?

Just 20 or 30 years ago, octogenarian family-business leaders were few and far between. Now, as life expectancy rises, an increasing number of business leaders are in their 80s and demographic trends will ensure this rises further in the future. But does it make good business sense?

May 31, 2011

Although Sweden only has a population of just over nine million, its economy has given rise to some world famous family business dynasties. CampdenFB takes a look at some of the leading Swedish family businesses in an interactive graphic.

Although Sweden only has a population of just over nine million, its economy has given rise to some world famous family business dynasties. CampdenFB takes a look at some of the leading Swedish family businesses in an interactive graphic below.

March 16, 2011

Succession planning is one of the cornerstones to running a successful family business, and without it families risk losing all they have worked so hard to build. Chris Owen asks what families can learn about succession from King Lear to IKEA

“Tis our fast intent to shake all cares and business from our age; conferring them on younger strengths, while we unburthened crawl toward death.” So declaims King Lear as he embarks upon perhaps the most misjudged succession plan in all literature.

January 14, 2011

Ikea, the Swedish retailing giant owned by the Kamprad family, announced on 14 January that its net profit for 2010 had increased by 6.1% year-on-year, but said it plans to expand cautiously in 2011.

Ikea, the Swedish retailing giant owned by the Kamprad family, announced on 14 January that its net profit for 2010 had increased by 6.1% year-on-year, but said it plans to expand cautiously in 2011.

October 6, 2010

Family businesses are opening up their books for scrutiny – or at least two are: Ikea and Schaeffler, writes David Bain.

Family businesses are opening up their books for scrutiny – or at least two are: Ikea and Schaeffler, writes David Bain. 

Swedish Ikea, one of the more secretive family businesses, decided to publicly disclosed its profit for the first time in its 67-year history.

Mikael Ohlsson, Ikea's chief executive, said in early October that the decision was taken in response to demands from employees and suppliers for more information.

September 9, 2010

Ikea, the Kamprad family-owned furniture multinational, has acquired six German wind farms from Spain-based wind turbine manufacturer Gamesa in a further attempt to reduce its carbon footprint.

Ikea, the Kamprad family-owned furniture multinational, has acquired six German wind farms from Spain-based wind turbine manufacturer Gamesa in a further attempt to reduce its carbon footprint.

The German wind farms are across four locations and have a combined capacity of 45.05 MW, enough to power around 17 Ikea stores. Germany is Ikea's largest market and accounted for 16% of the group's sales in 2009.

March 23, 2010

The 2010 list of the world’s most ethical companies includes many family-owned or –controlled businesses, confirming the sector’s commitment to corporate social responsibility.

The 2010 list of the world's most ethical companies includes many family-owned or –controlled businesses, confirming the sector's commitment to corporate social responsibility.

The list, compiled by the Ethisphere Institute, includes 100 companies from a wide range of countries and industries.

May 1, 2006

In a world that seems increasingly focused on the benefits of super-quick results and earning a fast buck, families in business tend to look towards a different goal. There are more rewards to be gained from a solid long-term strategy than just continuity, writes John Ward

John Ward is the Wild Group Professor of Family Business, IMD; Professor of Family Enterprises, Kellogg School; Principle of The Family Business Consulting Group.

In a world that seems increasingly focused on the benefits of super-quick results and earning a fast buck, families in business tend to look towards a different goal. There are more rewards to be gained from a solid long-term strategy than just continuity, writes John Ward

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