PROFILE |
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How Swede it is. One of the world's top furniture retailers, IKEA International sells Scandinavian-style home furnishings and other housewares in about 160 giant stores in about 30 countries. To cut transportation costs, IKEA uses flat packaging; customers assemble the products at home. The company designs its own furniture, which is made by 2,000 suppliers in about 50 countries. IKEA's stores feature playrooms for children and Swedish cuisine restaurants. It also sells by mail order. An acronym for founder Ingvar Kamprad and his boyhood home, Elmtaryd, Agunnaryd, IKEA began operating in Sweden in 1943. It is owned by Kamprad's Netherlands-based charitable foundation, Stichting Ingka.
COMPETITION |
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Euromarket Designs Inc. (dossier)
The Great Universal Stores P.L.C. (GRUSY)
MFI Furniture Group Plc (MFI)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: August
2000 Sales (mil.): 8,500.00
1-Yr. Sales Growth: 5.3%
Employees: 58,000
Revenue per employee: $146,551.72
KEY PEOPLE |
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Anders Dahlvig
CEO
Hans Gydell
CFO
CONTACT INFO |
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Ny Strandvej 21
DK 3050 Humlebaek, Denmark
Phone: 45-49-15-50-00
Fax: 45-49-15-50-01
Online: Web Site
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