Ikea Denies Founder's Retirement

September 16, 2012  by in UnCategorized   

By Aggregated Content in Furniture Retailing on September 17, 2012 from http://uk.finance.yahoo.com/news/ikea-denies-founders-retirement-112606351.html

Swedish furniture giant Ikea denied Monday that its 86-year-old founder Ingvar Kamprad had formally handed over the running of the business to his three sons, as a company official told a Swedish daily.

"Ingvar will no longer be there to give his point of view, give advice or support," Goeran Grosskopf, chairman of Ingka Holding, the Dutch parent company that comprises all of the family-owned Ikea businesses, told the daily Expressen.

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