High Street

Ikea founder dies aged 91

The founder of Ikea, Ingvar Kamprad, passed away at his home in Småland, Sweden, on 27 January.

He died at the age of 91, following a short illness.

Kamprad founded Ikea when he was 17, and was described by the retailer as “one of the greatest entrepreneurs of the 20th century”.

Since 1988 Ingvar Kamprad did not have an operational role within IKEA but he continued to contribute to the business in the role of senior advisor.

His youngest son took over as the chairman and the family controls the corporate structure of the chain.

Torbjörn Lööf CEO and president of Inter Ikea group, said: “We are deeply saddened by Ingvar’s passing. We will remember his dedication and commitment to always side with the many people. To never give up, always try to become better and lead by example.”

Jesper Brodin, CEO and president of the Ikea group, added: “We are mourning the loss of our founder and dear friend Ingvar. His legacy will be admired for many years to come and his vision – to create a better everyday life for the many people – will continue to guide and inspire us.”

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