TODAYS BIRTHDAY: Ingvar Kamprad (1926) As a boy, Kamprad showed a knack for business by buying matches in bulk and reselling them individually for profit. He grew up to establish home furnishing retail chain IKEA in 1943. In 1956, he debuted flat-boxed furniture, a revolutionary decision that enabled his company to bypass warehousing with in-store inventory and allowed customers to transport products easily. provided by The Free Dictionary The acronym IKEA is made up of the initials of his name (Ingvar Kamprad) plus those of Elmtaryd, the family farm where he was born, and the nearby village Agunnaryd. provided by The Free Dictionary
Posted on: Sun, 30 Mar 2014 13:59:32 +0000
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