News about Ingvar Kamprad

122 secondhand Ikea products made in the 1950s right up to the millennium's turn sold for a total of £32,000, smashing the estimated value. In 1972, a red sofa conceived by famed Ikea designer Gillis Lundgren, who died in 2016, was listed in the catalogue for £103, but it went for $11,700 at the world's oldest auction house Auktionsverk for a palliation.

It's likely that some of the world's biggest brands are only recognized by an acronym rather than their full name. Some are obvious, such as H&M and B&Q, but others conceal the truth, with shoppers taken aback to discover that supermarket Asda has much more to its name. Others such as IKEA, Lego and search engine Yahoo! Customers are also known by reduced versions of their name, so much that they may not recognize it in full.

Many ASOS shoppers are only now aware of what the four letter acronym stands for, and they are shocked to learn that As Seen On Screen stands for As Seen On Screen. When ASOS was established in 1999, it was intended to be a destination for television and movie enthusiasts to find exact replicas of the ensembles they had seen on their televisions. It was officially known as As Seen On Screen before the online store expanded to sell all kinds of clothing and other products, and the ASOS brand was officially announced.

The Swedish furniture company closed its 17 stores and stopped production in the region, where it was one of the country's biggest Western employers before the war with 15,000 employees. Jon Abrahamsson Ring, the CEO of Dutch holding company Inter Ikea, said a "substantial reduction" of workers had already been carried out. The Russian market made up about four to five percent of the company's revenues before the war. However, they closed their stores early in March, just days after Putin ordered his troops to cross the border.