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IKEA founder dead: Ingvar Kamprad dies aged 91 Ikea founder dead: Ingvar Kamprad dies aged 91
(35 minutes later)
The founder of Swedish furniture firm IKEA, Ingvar Kamprad, has died at the age of 91, the company has said. The founder of Swedish furniture firm Ikea, Ingvar Kamprad, has died at the age of 91, the company has said.
Mr Kamprad died quietly in his sleep in his home in Småland, southern Sweden, IKEA said in a statement. Mr Kamprad died quietly in his sleep in his home in Småland, southern Sweden, Ikea said in a statement.
Ikea began as a shop in Mr Kamprad's garden shed that sold watches and Christmas cards.
But it became popular for its flat-pack furniture, which was for lauded for democratising good, modern home design.
Mr Kamprad eventually became of of Europe's richest men and he lived for several decades in Switzerland, where he moved in the 1970s to avoid Sweden's high tax rate.
But he moved back to Sweden in 2013 after the death of his wife Margareta.
The same year, he also stepped down from the board of a key company within the business that owns the brand and directs strategy. His youngest son took over as its chairman.
The Kamprad family still controls the complex corporate structure that forms the Ikea chain.
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