How Was "IKEA" Named?
IKEA is a privately held Swedish international low cost home furnishings retailer. IKEA was founded in Älmhult, Sweden in 1943 by Ingvar Kamprad, then 17. The company name is a composite of the first letters in his name in addition to the first letters of the names of the property and the village in which he grew up: Ingvar Kamprad Elmtaryd Agunnaryd. This acronym is incidentally similar to the Greek word οικία [oikia] (home) and to the Finnish word oikea (correct, right). IKEA is generally pronounced /iˈke.a/ (IPA but in many English-speaking regions, it is pronounced /aɪˈkiːə/ rhyming with the word "idea". (Wikipedia)
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