Connect with us

Tech EU News

IKEA’s founder hands over to son

Published

3 years ago

on



IKEA has turned a page in a mega-successful (if at times scandal-struck) saga with the departure of…

euronews, the most watched news channel in Europe
Subscribe for your daily dose of international news, curated and explained:http://eurone.ws/10ZCK4a
Euronews is available in 13 other languages: http://eurone.ws/17moBCU

http://www.euronews.com/2013/06/05/ikea-s-founder-hands-over-to-son
IKEA has turned a page in a mega-successful (if at times scandal-struck) saga with the departure of the creator of the Swedish furniture retailer, Ingvar Kamprad, from the board of Inter IKEA Group. The 87-year-old founded the business in rural Sweden 70 years ago. His youngest son, Mathias, will take over as its chairman. Kamprad Sr. stepped down in 1986 as chief executive.

In the beginning, IKEA was little more than a village drugstore, but at the age of 17 he founded the brand, opening his first furniture-only store in 1953, with its own designs.

His customer-assembled kits came three years after that, and more of the self-service concept. Kamprad became a multi-billionaire, has been a resident of Switzerland since the 1970s, and still keeps a tight grip on the running of the empire behind the scenes.

The bulk of IKEA’s 313 stores are in Europe. The company says the business climate remains challenging. It has high hopes for the Chinese market, and is investing 1 billion euros in three shopping centres there, the first due to open next year.

Kamprad has overcome scandals in the past. He was active in a pro-fascist nationalist movement in 1942, and decades later, when it received media attention, in a letter to his employees, he called it his greatest mistake.

It emerged from the archives of the secret police in the former East Germany that political prisoners were used for unpaid labour by IKEA suppliers up to the 1980s. Last year, IKEA admitted it knew about it and didn’t stop it. Also in 2012, in France it illegally accessed police records on employees and customers.

Then horse meat was found in IKEA meatballs, and fecal matter in one of its deserts, meant to be a chocolate, butterscotch confection with marshmallow. Worldwide scrutiny and recalls followed.

Find us on:
Youtube http://bit.ly/zr3upY
Facebook http://www.facebook.com/euronews.fans
Twitter http://twitter.com/euronews

source

Related Topics:
Continue Reading
2 Comments

2 Comments

  1. @user-bx4zd6xj5i

    March 30, 2024 at 8:33 am

    نزعزنغتدغفيا

  2. @Amvpro127

    March 30, 2024 at 8:33 am

    Resident of Switzerland yeh?… How convenient…

You must be logged in to post a comment Login

Leave a Reply

Tech EU News

Researchers in Poland are developing the technology to help people with disabilities to communicate

Published

1 day ago

on

October 19, 2026

By



Scientists in Poznan, Poland are working on an innovation project called ‘Insension’ that’s being developed to give people with profound intellectual and multiple disabilities (PIMD) a new way of communicating. …
READ MORE : https://www.euronews.com/2020/02/10/researchers-in-poland-are-developing-the-technology-to-help-people-with-disabilities-to-co

Subscribe to our channel: https://www.youtube.com/c/euronews?sub_confirmation=1

Watch our LIVE here: https://www.youtube.com/c/euronews/live

source

Continue Reading

Tech EU News

Chat Control is ‘treating everyone as a suspect’, says expert

Published

1 day ago

on

October 19, 2026

By



Chat Control is ‘treating everyone as a suspect’, says expert

Simeon de Brouwer, policy adviser at digital rights organisation EDRi, calls for “proportionality” to avoid “mass surveillance” and “undermining everyone’s privacy” under the proposed Chat Control law to tackle online child sexual abuse. He advocates for “targeted scanning”.

READ MORE : http://www.euronews.com/2026/07/16/chat-control-is-treating-everyone-as-a-suspect-says-expert

Subscribe to our channel: https://www.youtube.com/c/euronews?sub_confirmation=1
Watch our LIVE here: https://www.youtube.com/c/euronews/live

Subscribe to our thematic channels:
NoComment: https://www.youtube.com/c/nocommenttv?sub_confirmation=1
Euronews Green: http://bit.ly/2sMsaDB
Euronews Next: https://www.youtube.com/c/EuronewsNext?sub_confirmation=1
Euronews Travel: https://www.youtube.com/c/EuronewsTravel?sub_confirmation=1

Euronews is available on YouTube in 12 languages: https://www.youtube.com/user/euronewsnetwork/channels

#EuropeToday

source

Continue Reading

Tech EU News

How migration data is being used to create new opportunities?

Published

3 days ago

on

October 17, 2026

By



In this episode of Futuris, Euronews finds out how EU researchers are developing migration data to create new opportunities.

READ MORE : https://www.euronews.com/2020/11/16/how-migration-data-is-being-used-to-boost-economies

Subscribe to our channel: https://www.youtube.com/c/euronews?sub_confirmation=1
Watch our LIVE here: https://www.youtube.com/c/euronews/live

Subscribe to our thematic channels:
NoComment: https://www.youtube.com/c/nocommenttv?sub_confirmation=1
Euronews Living: http://bit.ly/2sMsaDB
Knowledge: https://www.youtube.com/c/euronewsknowledge?sub_confirmation=1

Euronews is available on YouTube in 12 languages: https://www.youtube.com/user/euronewsnetwork/channels

#Futuris

source

Continue Reading

Tech EU News

Satellite TV: beaming pictures from the stars – Space

Published

3 days ago

on

October 17, 2026

By



This summer the World Cup will be watched live on TV the world over, and it is all thanks to satellites thousands of kilometres above the earth.

Each goal, each foul, the joy and the pain will be relayed from the pitch to the living room within an instant, by bouncing the TV signal off an electronic platform floating high above the equator.

But how exactly does it work, how are the satellites managed from the ground and what risks do they face in orbit?…

http://www.euronews.net/

source

Continue Reading

Tech EU News

What’s the link between Spider-Man and gene therapy?

Published

4 days ago

on

October 16, 2026

By



While it’s unlikely any of us will be bitten by a radioactive spider, the gene therapy techniques used in ‘Spider-Man: Brand New Day’ are not so far from reality…

Gene therapy is a promising medical approach to treat diseases by targeting their genetic causes. To find out more about how it works and what its limitations are, we spoke to expert Alberto Auricchio.

Read more: https://www.euronews.com/programs/euronews-tech-talks

⬇️ Always stay informed ⬇️
👉 Follow all the news on 📲 https://euronews.com
👉 Subscribe ► https://www.youtube.com/@euronews
👉 Watch our LIVE here: https://www.youtube.com/c/euronews/live

🌎 Follow us:
Facebook: https://www.facebook.com/euronews
Twitter: https://twitter.com/euronews
Instagram: https://www.instagram.com/euronews.tv/

📌 Subscribe to our thematic channels:
NoComment: https://www.youtube.com/c/nocommenttv?sub_confirmation=1
Euronews Green: http://bit.ly/2sMsaDB
Euronews Next: https://www.youtube.com/c/EuronewsNext?sub_confirmation=1
Euronews Travel: https://www.youtube.com/c/EuronewsTravel?sub_confirmation=1

Download our new app to receive all the latest updates from Europe’s newsroom: https://apps.eur.ws/8HQ4

source

Continue Reading

Trending

On this website we use first or third-party tools that store small files (cookie) on your device. Cookies are normally used to allow the site to run properly (technical cookies), to generate navigation usage reports (statistics cookies) and to suitable advertise our services/products (profiling cookies). We can directly use technical cookies, but you have the right to choose whether or not to enable statistical and profiling cookies. Enabling these cookies, you help us to offer you a better experience.