JAKARTA. There is Samsung of South Korea, Sony of Japan, BMW of Germany and IKEA of Indonesia. Wait! IKEA of Indonesia? Yes, at least in Indonesia, if not worldwide. The furniture giant, founded in Sweden in 1943, has lost a trademark dispute in Indonesia after the country's highest court agreed the IKEA name was owned by a local company. Indonesian rattan furniture company PT Ratania Khatulistiwa registered its IKEA trademark in December 2013. It's an acronym of the Indonesian words Intan Khatulistiwa Esa Abadi, which refer to the rattan industry.
Furniture giant IKEA loses its trademark
JAKARTA. There is Samsung of South Korea, Sony of Japan, BMW of Germany and IKEA of Indonesia. Wait! IKEA of Indonesia? Yes, at least in Indonesia, if not worldwide. The furniture giant, founded in Sweden in 1943, has lost a trademark dispute in Indonesia after the country's highest court agreed the IKEA name was owned by a local company. Indonesian rattan furniture company PT Ratania Khatulistiwa registered its IKEA trademark in December 2013. It's an acronym of the Indonesian words Intan Khatulistiwa Esa Abadi, which refer to the rattan industry.