IKEA's founder hands over to son

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IKEA has turned a page in a mega-successful (if at times scandal-struck) saga with the departure of the creator of the Swedish furniture retailer, Ingvar Kamprad, from the board of Inter IKEA Group. The 87-year-old founded the business in rural Sweden 70 years ago. His youngest son, Mathias, will take over as its chairman. Kamprad Sr. stepped down in 1986 as chief executive.

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