IKEA's success story is a fascinating one

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1. Humble Beginnings: Ingvar Kamprad founded IKEA in 1943 in Sweden at age 17, selling pens and paper.

2. Furniture Entrepreneurship: IKEA started selling furniture in 1948, focusing on affordable, stylish pieces.

3. Flat-Pack Innovation: In the 1950s, IKEA introduced flat-pack designs, reducing costs and revolutionizing furniture retail.

4. Global Expansion: IKEA expanded to Europe, North America, and Asia, becoming a global brand.

5. Self-Assembly Concept: IKEA popularized self-assembly furniture, making it a signature aspect of the brand.

6. Sustainable Practices: IKEA emphasized eco-friendliness, using renewable energy sources and sustainable materials.

7. Iconic Designs: IKEA created iconic, affordable designs like the BILLY bookcase and MALM dresser.

8. Customer Experience: IKEA focused on immersive shopping experiences, including in-store restaurants and play areas.

9. Digital Transformation: IKEA embraced e-commerce and digital tools, enhancing customer convenience.

10. Continuous Innovation: IKEA remains committed to innovation, exploring new materials, technologies, and designs.

Today, IKEA is the world's largest furniture retailer, with over 400 stores in 50 countries, and a reputation for stylish, affordable, and sustainable furniture solutions.

Ikea has several showrooms in India, including Hyderabad: Ikea's first store in India, opened in 2018 - Mumbai: Two locations - Ikea Worli and Ikea Navi Mumbai - Bengaluru: One location - Pune: Online presence, with plans to open a physical store - Delhi: Online presence, with plans to open a physical store in 2025 - Ahmedabad, Vadodara, Surat: Online presence only Please note that the R City Mall location in Mumbai has been closed KEA's turnover was €38.8 billion (or $45.82 billion USD) in the fiscal year 2018 ¹. Unfortunately, I couldn't find the most recent figures for IKEA's net worth.