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Ikea's Billionaire Founder a Frugal Fan of Flea Markets (All His Clothes)
Channel News Asia ^ | 09 Mar 2016

Posted on 03/09/2016 4:21:19 PM PST by nickcarraway

Ingvar Kamprad, who turns 90 on Mar 30, has a reputation for penny-pinching, which he claims helped Ikea to become one of the world's top brand names.

Frugal billionaire Ingvar Kamprad, founder of the flatpack furniture chain Ikea, buys his clothes at flea markets to save money, he said in a documentary to be broadcast Wednesday (Mar 9) on Swedish television.

Kamprad, who turns 90 on Mar 30, has a reputation for penny-pinching, which he claims helped Ikea to become one of the world's top brand names.

"I don't think I'm wearing anything that wasn't bought at a flea market. It means that I want to set a good example," he told Swedish channel TV4, according to business daily Dagens Industri which viewed the documentary.

(Excerpt) Read more at channelnewsasia.com ...


TOPICS: Business/Economy; Miscellaneous
KEYWORDS: billionaires; ikea
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To: reaganaut

I would like to tag along on your shopping trips.


41 posted on 03/10/2016 3:41:09 AM PST by wally_bert (I didn't get where I am today by selling ice cream tasting of bookends, pumice stone & West Germany)
[ Post Reply | Private Reply | To 35 | View Replies]


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