"The founder of IKEA and Ikano, and one of the greatest entrepreneurs of the 20th century, Ingvar Kamprad, has peacefully passed away, at his home in Småland, Sweden, on the 27th of January", the statement read.
The billionaire, who was born in 1926 founded Ikea at the age of 17.
"Since its founding in 1943, the company has transformed the way we think about how we shop for furniture (out: catalogues, in: mazelike warehouses), how we put it together (ourselves) and how it looks (sleek, not stodgy.) With its clean lines and practical pieces, Ikea has outfitted millions of college apartments and brought a Scandinavian aesthetic into everyday homes", writes Abha Bhattarai, also for the Washington Post.
The idea came to him as he watched an employee taking the legs off a table to fit it into a customer's vehicle and realised that saving space meant saving money.
A customer signs a book of condolences at the entrance of an IKEA store in Stockholm.
He left the country in 1976 for Switzerland in protest of his homeland's crippling taxes - the highest in the world at the time.
Sweden was neutral in World War II, and its Nazi party remained active after 1945.
Kamprad formed the company's name from his own initials and the first letters of the family farm, Elmtaryd, and the parish where it's located, Agunnaryd. Kamprad said he stopped attending its meetings in 1948, later attributing his involvement to the "folly of youth", and calling it "the greatest mistake of my life". Backed with modest financial support from his father, Kamprad began selling pens, picture frames, typewriters and other goods, delivering orders on his bicycle.
Ingvar Kamprad was at a trade fair in Italy in the 1940s when he had an idea.
Ikea's self-assembly model - which would cut transport and storage costs - was conceived in 1956 after an employee suggested table legs be removed during freight so that the package would fit into a auto. In 1953, the first IKEA showroom opened its doors to the public in Almhult; this was converted into a store in 1958. It was the start of what became IKEA, now with 403 stores across the globe, 190,000 employees and $47 billion in annual sales.
He was known for his devotion to frugality.
"We have Småland in the blood, and we know what a krona is - even though it is not as much as it was when we bought candy and went to elementary school", he said, referring to the Swedish currency. This was part of moves to hand responsibilities over to one of his sons.
The issue was first raised by Nathan Ruser , a 20-year-old worldwide security student at the Australian National University. Scott Lafoy, an open-source imagery analyst, told CNN it's too early to truly assess how useful the data is.
The UN says it is deeply concerned by the fighting, and has warned that an estimated 323,000 civilians in Afrin are at risk. It was not immediately clear which issues would be addressed but Turkish-American relations have been strained.
The unmistakable sound of nothing. "I can not in all good conscience be in a room, with what he has said about so many Americans". ABC News , CBS News , and NBC News will all support their TV coverage of the addresses with digital streams on YouTube .
The bonds will not have Statutory Liquidity Ratio (SLR) and a tenure of 10 to 15 years. "There is not going to be a public issue". The government will ensure disbursement of 1 lakh crore rupees to PSU banks by march this year.
According to investigators, Imran's mother also helped them apprehend the suspect who did not struggle much and testified easily. The incident blew the lid on the horrifying reality of how children in a brutalized society are vulnerable to sexual abuse.
South Korea may decide to ship refined petroleum to North Korea to power an inter-Korean cultural event next week. Russian Federation has denied re-exporting North Korean coal by saying that it abide by the norms of global law.
The data is encrypted while on your device and during the period in which it is transferred from the hospital to your handset. They also will receive regular notifications for lab results, medications and other health-related information.
The safety board did note in its report that the introduction of Tesla's Autosteer software had cut collisions by 40 per cent. He was wrong, of course, and was ultimately jailed under suspicion of driving under the influence .
Tottenham is unbeaten in its last seven matches but is coming off a disappointing 1-1 draw with Southampton . Good evening and welcome to IB Times UK's live FA Cup coverage of Newport County vs Tottenham Hotspur .
Currently, the Apple Store app makes no mention of the speaker, but we do expect it to appear once the preorder floodgates open. Oh, and HomePod is tied to its owner's iOS device and Apple Music account, and can't differentiate between voices.
He only played for 17 seasons and he only played in more than 140 games in four seasons and more than 150 games in one season. Thome is best remembered for his 13 seasons with the Cleveland Indians , two of which resulted in a trip to the World Series.
Two hours later, dejection was writ large across McIlroy's face as Li celebrated the finest win of his fledgling career. The biggest move on day four arrived from Scotland's Richie Ramsay, who claimed a share of sixth courtesy of a 64.
Trump asked in a December tweet that how McCabe could lead the Clinton probe when his wife got donations from "Clinton Puppets". His wife ran for a state Senate office in Virginia and received donations from former Virginia Gov.
Mahajan made the appeal to leaders of various parties at a dinner hosted by her, a day before the start of the budget session. Modi also said that "the Budget Session is important and the entire world is extremely optimistic about India".
Prosecutors said Madison shot Schulte in the back of the head after he responded to a call from Madison's girlfriend. In November, the US Supreme Court agreed with a state court ruling that Madison was mentally competent.
Kannada Paksha leader Vatal Nagaraj along with the Mahadayi Agitation Committee had planned for a Karnataka bandh on January 27. The outfits are demanding that Prime Minister Narendra Modi intervenes in the dispute between Goa and Karnataka.
The carabinieri police confirmed at least two people had been killed, 10 seriously injured and dozens more slightly injured. In 2009, 32 people were killed when a freight train carrying liquefied petroleum gas derailed and exploded in Tuscany.
It remained a mystery until past year , when scientists used state-of-the-art methods to extract DNA from the corpse's big toe. Another clue: her body was riddled with mercury - a standard treatment for syphilis from the late 15th to the 19th Century.
We'll be in the mid to upper 40s on Wednesday and on Thursday , we'll climb to the mid 50s once again with mostly sunny skies. Glaze from the ice storm affected 70 percent of the state, and was accompanied by high wind, causing power outages.
As Spain's legal system wrestled over arresting Puigdemont, the ousted leader's name was put forward as a candidate for president. Puigdemont is being investigated by Spain over a unilateral declaration of independence by Catalonia's parliament on October 27.