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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. | |
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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