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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]
The prices aren't bad either—for instance, this wood TV console comes in at just under $1k. Castlery's pieces are comfortable in every sense of the word and are time-tested for durability too.
The name IKEA is an acronym that stands for Ingvar Kamprad Elmtaryd Agunnaryd. The acronym is composed of the initials of the founder's name as well as Elmtaryd, which is the farm on which he grew up, and Agunnaryd, which is the village close to Elmtaryd. [24] The first stores outside Sweden were opened in Norway (1963) and Denmark (1969). [25]
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The wood appears white or creamy yellow to light brown with a crimson tinge in its natural state. Birch is frequently stained to complement other types of wood in furniture. Birch is used to make a lot of transparent, cabinet-grade plywood because it absorbs stain well and finishes beautifully.
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