IKEA Company Description
How Swede it is. One of the world's top furniture retailers, IKEA International sells Scandinavian-style home furnishings and other housewares in about 270 stores in 35 countries. To cut transportation costs, IKEA uses flat packaging; customers assemble the products at home. The company designs its own furniture, which is made by about 1,300 suppliers in more than 50 countries. IKEA's stores feature playrooms for children and Swedish cuisine restaurants. It also sells by mail order and online. An acronym for founder Ingvar Kamprad and his boyhood home, Elmtaryd, Agunnaryd, IKEA began operating in Sweden in 1943. It is owned by Kamprad's Netherlands-based charitable foundation, Stichting Ingka.
View the Comprehensive Company Description for IKEA
The Company Description provides a historical perspective of IKEA's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of IKEA's evolution in the marketplace.
