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Ikea founder surprised at group’s ‘too ambitious’ expansion plans
The founder of Swedish furniture giant Ikea, Ingvar Kamprad, on Thursday told a newspaper that he was surprised by the group’s expansion plans, which he said were too ambitious. “I spoke to my secretary who told me about what was written in Dagens Industri, that we’ve had a record profit…
IKEA founder determined to keep company private
Ikea founder Ingvar Kamprad is determined to keep the Swedish furniture giant off the stock exchange, he told AFP ahead of the inauguration Monday of a fellowship in honour of his late wife. Kamprad, 86, told AFP in an email he had “always believed that keeping (Ikea) in private hands…
Ikea founder ‘too busy to die’
The 86-year-old founder of Swedish furniture giant Ikea revealed he has no plans to retire and rejected any idea of the company going public in an interview published in Switzerland. “The company will never go to the market,” Ingvar Kamprad told the latest edition of Swiss business magazine Bilanz. “We…
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