Furniture giant IKEA loses its trademark in Indonesia

February 5, 2016 6:30 AM

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JAKARTA, Indonesia – 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.

Furniture giant IKEA, founded in Sweden in 1943, has lost a trademark dispute in Indonesia after the country's highest court agreed the name was owned by a local company.

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