IKEA is a privately owned, international home furnishing retailer founded in 1943 by Ingvar Kamprad in Sweden. The company is headquartered in the Netherlands and employs 87,560 people. IKEA designs and sells ready-to-assemble furniture, kitchen appliances, home accessories, and other goods for the home. The company is known for its low prices and its do-it-yourself assembly concept. IKEA has stores in over 50 countries and is the world's largest furniture retailer.