Ikea founder Ingvar Kamprad dies aged 91

Company says man who founded firm in 1943 aged 17 died peacefully at home in Sweden

The founder of Sweden's Ikea furniture chain, Ingvar Kamprad, has died at the age of 91.

The company said Kamprad, whom it described as one of the greatest entrepreneurs of the 20th century, had peacefully passed away at his home on Saturday.

Kamprad founded Ikea in the 1940s at the age of 17, and built it into one of the world's best-known retailers. The name was composed from his own initials and those of the places in the Swedish countryside where he grew up.

Known for its functional, flatpack furniture such as Billy shelves and Malm chests of drawers that has to be assembled by customers, Ikea became the world's largest furniture chain, with 412 stores across 49 countries.

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