Everywhere one looks, Google is doing remarkable things. It could soon overtake Apple in downloads of applications; it is developing self-driving cars; people wear its kooky augmented reality Glass spectacles; it is signing renewable power deals in South Africa and Sweden.
Ingvar Kamprad’s withdrawal from key operational roles at Ikea, the company he founded, has more steps than the furniture retailer’s most complex product assembly manual. The question, though, is once he has built his legacy, will it hold together?
The latest move, announced on Wednesday, sees him step down from the board of Inter Ikea Holding, putting his youngest son Mathias in as chairman of the unit, which reaps the royalties from the stores and owns Ikea’s brand and intellectual property. Read more