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Book Entitled Ikea on the Road to the Future Revealed about Ikea’s Family Fued

Sep 21, 2013 12:12 IST

A newly released book entitled Ikea on the Road to the Future revealed how the founder of the company, Ingvar Kamprad was compeled to hand over billions of Dollars to the sons after the family fued. The new book, which is scheduled to go on sale from 27 September 2013, is co-authored by former Ikea executive Lennart Dahlgren, journalist Stellan Bjoerk and economist Karl von Schulzenheim.

The book is in contradiction with the official release of Ikea’s history which explains that Ingvar Kamprad handed over the complete empire to overseas foundations in the year 1982. However, the authors of the book claimed that Ingvar Kamprad, who founded Ikea in the year 1943, retained a certain percentage of sales depending upon his intellectual property rights for himself, which in turn triggered battle with his three sons.

Ingvar Kamprad since 1970s has been living a self-imposed tax exile in Switzerland. However, in June 2013, he announced that he wanted to come back to Sweden. 87-year old Ingvar Kamprad hardly shares the podium in front of media with his sons.

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Read more Current Affairs on: Ikea , Ikea on the Road to the Future , Ingvar Kamprad

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