IKEA is a Swedish Home furnishings company founded by Ingvar Kamprad in 1943 in Småland in southern Sweden. At the age of five Ingvar Kamprad started his journey as an entrepreneur selling matches to his nearby neighbours. From matches he expanded his business to selling flower seeds, greeting cards, Christmas tree decorations, and later pencils and ball-point pens.
When Ingvar was 17, his father gave him money as a reward for succeeding in his studies. He used it to establish his own business, IKEA. The name IKEA was formed from the his initials (IK) plus the first letters of Elmtaryd (E) and Agunnaryd (A), the farm and village where he grew up. IKEA originally sold sells pens, wallets, picture frames, table runners, watches, jewellery and nylon stockings. Furniture was introduced into the IKEA range in 1948 and the rest is history!
The IKEA vision is to create a better everyday life for the many people. The IKEA business idea is to offer a wide range of home furnishings with good design and function at prices so low that as many people as possible will be able to afford them.
Our mission is to give people with thin wallets a chance to furnish their homes in a beautiful and functional way. We call it “Democratic Design”.
There are currently 315 IKEA Group stores in 27 countries. IKEA employs 150,000 co-workers and in 2014 alone we had 716 million visitors to our stores, with a €28.7 billion sales turnover.
Our 150,000 co-workers are the inner strength of IKEA and are what makes us a unique company. We come from all over the world but share the fundamental humanistic values that our culture is based on, such as togetherness, humbleness, simplicity, cost-consciousness, giving and taking responsibility and common sense.Know More »