IKEA Group

IKEA Group, based in Älmhult, Småland, Sweden, designs and sells affordable, ready-to-assemble furniture, home accessories, and furnishings through a global network of large retail stores and online channels. The company has operated as the world's largest furniture retailer since 2008, maintaining an extensive presence with 473 stores across 63 countries as of 2024. Its business model centers on retail sales of home goods via company-owned stores and a franchise system established in the early 1980s, with the overall entity owned by the Dutch Stichting Ingka Foundation. IKEA primarily targets mass-market consumers seeking accessible and functional products worldwide, serving a broad demographic. Founded in 1943 by Ingvar Kamprad, the organization initially operated as a mail-order business before focusing on furniture.