IKEA celebrates 80th birthday

IKEA is 80 years old. The ready-to-assemble furniture business was founded on July 28, 1943, in Almhult, Sweden, by 17-year-old Ingvar Kamprad. His workspace was his uncle’s kitchen table and his first products were pens, wallets, and picture frames, which he delivered by mail. He got into furniture five years later.

IKEA has 15 full stores across Canada as well as several planning and design studios. There are 460 IKEA stores operating in 61 countries. IKEA’s revenues last year were €44.6 billion, equivalent to C$65 billion.