Overview

Inter IKEA Systems B.V., trading as IKEA is a Swedish multinational conglomerate that designs and distributes a variety of items and services for the home, including, kitchen appliances, decoration, home accessories, and various other goods and home services. The company was founded in 1992 and is headquartered in Delft, Netherlands. The group is primarily known for its modernist furniture designs, its simple approach to interior design, and its immersive shopping concept, based around a showroom of decorated room settings, in which customers can interact with the available articles onsite. In addition, the firm is known for its attention to cost control and continuous product development, notably, the ready-to-assemble model of furniture sales, and other elements that have allowed IKEA to establish lower prices than its competitors.