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Home » Topics » Margaretha Kamprad Chair of Environmental Science

IKEA founder determined to keep company private

An Ikea store in Dresden, eastern Germany, pictured in 2011. Swedish furniture giant Ikea has announced plans to build a brand-new district with shops, flats and office space for thousands of people in the northern German city of Hamburg. (AFP Photo/Marko Foerster)

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…

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