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IKEA

IKEA: A Global Furniture Giant IKEA, a Swedish multinational conglomerate, has dominated the global furniture retail market since 2008. Founded in 1943 by Ingvar Kamprad, the brand name is an acronym derived from his initials and his hometown. Known for its modernist designs and affordable prices, I...

IKEA Overview

IKEA Image Source : Wikipedia
  • Company type Private
  • Industry Retail
  • Founded 28 July 1943
  • Founders Ingvar Kamprad
  • Headquarters Delft, Netherlands, (Inter IKEA Systems B.V.), Leiden, Netherlands, (INGKA Holding B.V.)
  • Area served Worldwide
  • Revenue €45.1 billion (2024)
  • Website www.about.ikea.com, ingka.com, ikea.com (retail)

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IKEA history

Last Updated : 23/03/25, 09:46 AM
IKEA: A Global Retail Giant's Journey Founded in 1943 by Ingvar Kamprad, IKEA initially operated as a mail-order furniture business. Its first physical store opened in Älmhult, Sweden in 1958. The name, an acronym for Ingvar Kamprad Elmtaryd Agunnaryd, reflects the founder's name and his childh...

IKEA NEWS

Swedish tourist board is reclaiming names of household products in IKEA; here's why

December 10, 2021 3:10 pm

Of the 21 places mentioned in the reclaim list, is a UNESCO-protected area called Bodviken. It is a mountain lake in northern Sweden. In IKEA, it is a washbasin.

Snow in Scandinavia forces sleepover at IKEA in Denmark

December 03, 2021 7:31 am

🔴Due to heavy snow, 25 employees and six customers at an IKEA in Denmark were forced to spend the night at the store. The unplanned sleepover was a uniquely Scandinavian, hygge-filled experience.

IKEA Gurgaon: Construction of shopping centre begins in 2022

November 24, 2021 2:36 pm

IKEA Gurgaon: Haryana Chief Minister Manohar Lal Khattar said, “We look forward to this partnership with IKEA and Ingka Centres to build organised retail and meet the growing needs of consumers in the state and the region."

IKEA enters Bengaluru with eCommerce and mobile shopping app

June 17, 2021 3:07 pm

IKEA already has online presence in Hyderabad, Mumbai, Pune, Ahmedabad, Surat, and Vadodara.

Do Indians feel safe and comfortable inside their own homes?

May 18, 2021 4:00 pm

An international survey outlines trends that have emerged from a year of surviving the pandemic, which includes the need for flexible spaces and greener interiors

A pillow that transforms into a wearable quilt is the latest addition to pandemic fashion

March 27, 2021 1:06 pm

IKEA is launching a pillow FALTMAL that looks like an ordinary cushion but can be turned into a wearable quilt

IKEA, UP ink MoU for Noida outlet

February 20, 2021 4:46 am

An official spokesperson said the company has already made a payment of Rs 850 crore for the land in Noida, of which the state has earned revenue of Rs 60 crore as way of stamp duty.

End of the road for IKEA's catalogue, picture book of good-home ideas

December 10, 2020 8:56 am

How did a store pamphlet become an icon that was published in 32 different languages and distributed the world over?

Ikea in UAE recalls 'Made in India' travel mugs that may contain harmful chemicals

January 22, 2020 3:38 pm

On Instagram, IKEA posted a picture of the mugs with a caption "RECALLING TROLIGTVIS, Please return the item to our store for a full refund".

IKEA e-comm operations in Mumbai soon, says CEO

August 10, 2019 4:07 am

“Our next destination is Mumbai where we will soon start our e-commerce journey enabling us to meet many more customers, followed by Hyderabad and Pune going online,” Peter Betzel, CEO, IKEA India said.

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