IKEA founder Ingvar Kamprad dies at 91
28 Jan 2018 11:21 PM IST
Stockholm: Billionaire Ingvar Kamprad, the founder of Swedish furniture company IKEA, has died following a "brief illness", the company said. He was 91.
The multinational company issued a statement confirming his passing, which happened peacefully at his private home in Smaland in Sweden.
"The founder of IKEA and Ikano, and one of the greatest entrepreneurs of the 20th century, Ingvar Kamprad, has peacefully passed away, at his home in Smaland, Sweden, on the 27th of January," the company statement read.
"(He) was a great entrepreneur of the typical southern Swedish kind — hardworking and stubborn, with a lot of warmth and a playful twinkle in his eye. Ingvar will be very missed and warmly remembered by his family and IKEA colleagues around the world."
"We are deeply saddened by Ingvar's passing. We will remember his dedication and commitment to ordinary people," Torbjorn Loof, CEO and president of Inter IKEA Group, said in the statement.
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