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Ingvar Kamprad

May 10, 2017

What does it take to start then grow a business into a successful, multi-billion dollar holding yet maintain total family control through the generations? Alison Ebbage reports

What does it take to start then grow a business into a successful, multi-billion dollar holding yet maintain total family control through the generations? Alison Ebbage reports

September 12, 2016

Private equity has a special pull for families used to running operating businesses. But with record levels of assets committed to private equity funds is it the best asset class to drive returns? 

Private equity has a special pull for families used to running operating businesses. But with record levels of assets committed to private equity funds is it the best asset class to drive returns? 

The plotline is one that has been played out countless times before. A family has made its wealth in an operating business, has exited and is now running a family office. Do they sit back and take a diversified approach to their wealth or eventually get itchy feet and pour their assets back into the sector they know best?

May 6, 2014

Ingvar Kamprad, the founder of Swedish flat-pack furniture chain Ikea, has relinquished his last formal roles in the business he founded in 1943. 

Ingvar Kamprad, the founder of Swedish flat-pack furniture chain Ikea, has relinquished his last formal roles in the business he founded in 1943.

Kamprad, 88, left his roles on the boards of the two foundations that control Ikea's assets in late December last year, but the announcement was only made recently.

March 21, 2014

The octogenarian founder of Swedish furniture giant Ikea, Ingvar Kamprad, has moved back to the home country, where he founded the family business, after four decades abroad.

The octogenarian founder of Swedish furniture giant Ikea, Ingvar Kamprad, has moved back to the home country, where he founded the family business, after four decades abroad.

Kamprad, 87, quit Sweden in 1973 in protest against the country's high taxes, initially moving to Denmark before settling in Switzerland in 1976.

He first announced his plans in the summer of 2013, but heart and back problems delayed the move according to the Kamprad family's spokesman.

June 5, 2013

The founder of Ikea, Ingvar Kamprad, has stepped down from the board of Inter Ikea Holding, the holding company of the iconic Swedish flatpack furniture chain.

The founder of Ikea, Ingvar Kamprad, has stepped down from the board of Inter Ikea Holding, the holding company of the iconic Swedish flatpack furniture chain. The chairman of the board, Per Ludvigsson, has also stepped down, aged 70, to be replaced by Kamprad’s son Mathias.

In a statement issued by Ikea, the changes in the board are described as a generational shift that has been prepared for over several years.

Kamprad, who turned 87 in March, said in a statement his retirement from the board did not mean he would stop working.

September 25, 2012

Ikea, the Swedish furniture giant founded by Ingvar Kamprad, will become increasingly transparent, the company’s chief executive, Mikael Ohlsson, said just days after it was revealed Kamprad’s three sons are getting more involved in the family business.

Ikea, the Swedish furniture giant founded by Ingvar Kamprad, will become increasingly transparent, the company’s chief executive, Mikael Ohlsson, said just days after it was revealed Kamprad’s three sons are getting more involved in the family business.

In an interview with the Financial Times, Ohlsson, who has headed the retailer since 2009, said he knows Ikea is often regarded as a secretive company.

March 5, 2012

Carlos Slim, who controls Mexican conglomerate Grupo Carso, is the richest person in the world, with a fortune of about $68.5 billion (€51.9 billion). 

Carlos Slim, who controls Mexican conglomerate Grupo Carso, is the richest person in the world, with a fortune of about $68.5 billion (€51.9 billion).

September 20, 2011

One can’t help but be fascinated by IKEA. Whether due to a sense of bewilderment that so many millions of people are willing to subject themselves to the bizarre torture of the IKEA shopping process. Or the mystery surrounding the popularity of their restaurant meatballs, which even have their own Facebook page.

One can’t help but be fascinated by IKEA.

Whether due to a sense of bewilderment that so many millions of people are willing to subject themselves to the bizarre torture of the IKEA shopping process. Or the mystery surrounding the popularity of their restaurant meatballs, which even have their own Facebook page.

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.

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