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The name IKEA is an acronym that stands for Ingvar Kamprad Elmtaryd Agunnaryd. The acronym is composed of the initials of the founder's name as well as Elmtaryd, which is the farm on which he grew up, and Agunnaryd, which is the village close to Elmtaryd. [24] The first stores outside Sweden were opened in Norway (1963) and Denmark (1969). [25]
The French branch of IKEA went on trial on 22 March 2021, for running an elaborate system to spy on staff members and job applicants by illegally using private detectives and police officers. [17] On 15 June 2021, IKEA France was found guilty of spying and ordered to pay €1.1m in fines and damages for these illegal practices.
An IKEA Billy bookshelf. Billy (stylised as BILLY) is a bookcase sold by the Swedish furniture company IKEA. It was developed in 1979 by the Swedish designer Gillis Lundgren, and IKEA have sold over 140 million units of the bookcases worldwide. Its popularity and global spread has led to its use as a barometer of relative worldwide price levels.
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