Furniture giant, Ikea, has lost a trademark dispute in Indonesia after the country’s highest court agreed the name was owned by a local company.

Indonesian furniture company PT Ratania Khatulistiwa registered its Ikea trademark in December 2013.

It’s an acronym of Intan Khatulistiwa Esa Abadi.

The Supreme Court’s ruling was made in May last year but only surfaced publicly this week with its publication online by the court.

It said Ikea had not actively used its trademark in three consecutive years for commercial purposes and it could be deleted under Indonesia’s trademark law.

The Ikea Group is now a Dutch-registered company that controls 328 stores in 28 countries and it employs 155,000 people worldwide.

Ikea is still managed, however, from the town of Aelmhult in southern Sweden, where it was founded in 1943 by Ingvar Kamprad.

Kamprad, whose fortune is estimated at more than €30 billion, still has a hand in running the company, and his children are part of the management.

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