IKEA is a privately-held, international home products retailer that sells low-price products, including furniture, accessories, bathrooms and kitchens at retail stores around the world. It became famous for the fact that the customers have to assemble many of the products. IKEA was founded in 1943 by Ingvar Kamprad in Sweden and it is owned by a Dutch-registered foundation controlled by the Kamprad family. IKEA is an acronym comprising the initials of the founder's name (Ingvar Kamprad), farm where he grew up (Elmtaryd) and home village (Agunnaryd).
