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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

Designs on India

May 31, 2019 12:10 am

Designs on India is an exhibition that aims to popularise Scandinavian designs in India and encourage collaborations.

Ikea to launch air-purifying curtains to fight indoor air pollution

February 21, 2019 1:36 pm

The curtain has been treated with a mineral-based photocatalyst that helps destroy indoor air pollution when it comes into contact with both sunlight and indoor light.

IKEA signs MoU with Uttar Pradesh govt, heads to Noida

December 20, 2018 3:06 am

UP Chief Minister Yogi Adityanath said the investment was the result of the state government's efforts to create a conducive environment. He also promised help to all those who wish to invest in the state.

Crushing on IKEA products but can't travel to Hyderabad? You can now shop via Amazon

October 22, 2018 11:01 am

You can get your hands on IKEA products as some of them are now available online, just in time for Diwali. With a carefully selected range of lights and decorative items, you can create indoor and outdoor lighting solutions.

After Hyderabad, IKEA lays its foundation in Bengaluru

October 15, 2018 8:06 pm

IKEA has around 7,500 products on offer out of which 95 per cent are from global range and 5 per cent are specifically designed based on the local lifestyle of Indian consumers.

Where you do feel most at home? Not your home, says IKEA Report

October 09, 2018 2:16 pm

"For a large number of people, home just doesn’t feel like home anymore. We discovered a new behaviour, where people use a network of spaces and places, both within and beyond the four walls, as part of their homemaking experience," the report stated.

IKEA Hyderabad store: Caterpillar found in vegetable biryani, firm fined Rs 11,500

September 02, 2018 10:49 am

The IKEA restaurant, touted as their largest in the world, procures its food from Haldirams' Nagpur vendor. The GHMC has issued a notice to the IKEA restaurant manager and also to Haldirams.

Ikea's first store in India reveals the changes it has made to suit local needs

August 10, 2018 1:45 pm

Ikea’s 400,000-square-foot Hyderabad store is the first step in the retailer’s plans for India, with more outlets scheduled to debut in Mumbai, Bengaluru and the New Delhi area soon after.

IKEA's first store in Hyderabad attracts 40,000 customers on first day

August 10, 2018 12:13 pm

IKEA's next store will open in Navi Mumbai in 2019, followed by Bengaluru and Delhi. In the next phase, IKEA would cover Ahmedabad, Surat, Pune, Chennai, and Kolkata.

Has Swedish furniture-maker IKEA hit on the perfect formula to win over Indian hearts?

October 12, 2018 3:29 pm

On offer for India - affordable, short, sturdy furniture and a pork & beef-free menu.

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