TODAY’S BIRTHDAY: INGVAR KAMPRAD (1926)

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. The first two letters of the acronym IKEA comes from Kamprad’s initials, I.K. What do the letters E and A stand for? More…Discuss

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