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The cost to IKEA of the incident was estimated to be between $6 and $7 million. [7] In 1999, IKEA replaced the lacquer coating on the white bookcase with melamine foil. [1] In 2009 Bloomberg instigated a "Billy bookcase index", as an alternative to the Big Mac index, to compare relative price levels in different countries around the world. [8] [9]
In August 2008, IKEA announced that it had created IKEA GreenTech, a €50 million venture capital fund. Located in Lund (a university town in Sweden), it will invest in 8–10 companies in the coming five years with focus on solar panels , alternative light sources, product materials, energy efficiency and water saving and purification.
It is a deciduous shrub, irregular in shape, 0.3–3 m (rarely 4 m) high and possibly somewhat wider.The bark is glabrous and copper-tinted black. The leaves are alternate, 2–7 cm long and 1–3.5 cm broad, oval to obovate, acuminate with irregularly serrate margins, rugose, dark green, pubescent above and tomentose below, with glandular petioles.