IKEA was established by Ingvar Kamprad in Sweden in
1943 when he was just 17 years old. The fledgling com-
pany sold fish, Christmas magazines, and seeds from his
family farm. It wasn't his first business—that had been
selling matches that the enterprising Kamprad had pur-
chased wholesale in 100 box lots (with help from his
grandmother, who financed the enterprise) and then re-
sold individually at a higher mark-up. The name IKEA
was an acronym, I and K being his initials, while E stood
for Elmtaryd, the name of the family farm, and A stood
for Agunnaryd, the name of the village in Southern
Sweden where the farm was located. Before long
Kamprad had added ballpoint pens to his list and was sell-
ing his products via mail order. His warehouse was a shed
on the family farm.
IKEA was established by Ingvar Kamprad in Sweden in
1943 when he was just 17 years old. The fledgling com-
pany sold fish, Christmas magazines, and seeds from his
family farm. It wasn't his first business—that had been
selling matches that the enterprising Kamprad had pur-
chased wholesale in 100 box lots (with help from his
grandmother, who financed the enterprise) and then re-
sold individually at a higher mark-up. The name IKEA
was an acronym, I and K being his initials, while E stood
for Elmtaryd, the name of the family farm, and A stood
for Agunnaryd, the name of the village in Southern
Sweden where the farm was located. Before long
Kamprad had added ballpoint pens to his list and was sell-
ing his products via mail order. His warehouse was a shed
on the family farm.
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