Company type | Holding company |
---|---|
Industry | Retail |
Founder | Ingvar Kamprad |
Headquarters | Netherlands |
Area served | Worldwide |
Key people | CEO – Jesper Brodin |
Revenue | €37.36 billion (2020) [1] |
€1.43 billion (2020) [1] | |
€1.189 billion (2020) [1] | |
Total assets | €52.2 billion (2020) [1] |
Total equity | €43.16 billion (2020) [1] |
Number of employees | 158,400 (2018) [1] |
Parent | Stichting INGKA Foundation |
Website | www |
IKEA ownership chart |
INGKA Holding B.V. is a holding company based in Leiden, Netherlands. It is the largest IKEA franchisee holding company that controls 367 stores of the 422 of IKEA in 2018. [1] [2] The company is fully owned by the Stichting INGKA Foundation. INGKA is named after Ingvar Kamprad, its Swedish founder.
Although it is the largest IKEA franchisee, INGKA Holding does not own the IKEA brand and associated trademarks; these are owned by Inter IKEA Systems in Delft, also in the Netherlands, which is the franchisor of the IKEA system and receives 3% of all IKEA revenues in royalties. Inter IKEA Systems is owned by Inter IKEA Holding, registered in Luxembourg, which is controlled, in turn, by Interogo Foundation, a Liechtenstein foundation that is also supported by the Kamprad family and is valued at approximately US$15 billion. [3]
The group's Ingka Centres division has developed several shopping centres in which IKEA is the anchor tenant, including the MEGA malls in Russia. Beginning in 2020, the division has acquired existing complexes which will be renovated to include urban IKEA locations, including Kings Mall in London, 6x6 in San Francisco, and the retail podium of the Aura condominium towers in Toronto. [4] [5] [6]
Ingka Centres announced in December 2021 that it would open two malls, anchored by IKEA stores, in Gurugram and Noida in India at a cost of around ₹9,000 crore (US$1.1 billion). Both malls are expected to open by 2025. [7]
In September 2019, INGKA acquired an 80% stake in seven wind farms in Romania, purchased from the Danish wind turbine manufacturer Vestas. They are said to have paid $150.9m to the Danish firm through its investment unit. [8]
Inter IKEA Systems B.V., trading as IKEA, is a Swedish multinational conglomerate that designs and sells ready-to-assemble furniture, kitchen appliances, decoration, home accessories, and various other goods and home services. Started in 1943 by Ingvar Kamprad and currently legally headquartered in the Netherlands, IKEA has been the world's largest furniture retailer since 2008. The brand used by the group is derived from an acronym that consists of the founder's initials, and those of Elmtaryd, the family farm where he was born, and the nearby village Agunnaryd.
Feodor Ingvar Kamprad was a Swedish billionaire business magnate best known for founding IKEA, a multinational retail company specialising in furniture. He lived in Switzerland from 1976 to 2014.
A shopping mall is a large indoor shopping center, usually anchored by department stores. The term mall originally meant a pedestrian promenade with shops along it, but in the late 1960s, it began to be used as a generic term for the large enclosed shopping centers that were becoming increasingly commonplace. In the United Kingdom and other countries, shopping malls may be called shopping centers.
1 Utama is a shopping mall in Bandar Utama, Selangor, Malaysia, with an area of 5,590,000 square feet (519,000 m2) and containing 713 stores. It is one of the largest shopping malls in Malaysia and the seventh-largest shopping mall in the world before IOI City Mall in Putrajaya surpassed it in 2022. The first phase of the mall, now known as the "Old Wing", was opened in September 1995. With the increase in customer traffic and demand for retail spaces inside the mall, a second phase called "New Wing" was added in 2003.
Sogo Co., Ltd. is a department store chain that operates an extensive network of branches in Japan. In 2009, it merged with The Seibu Department Stores, Ltd. (株式会社西武百貨店) to become Sogo & Seibu Co., Ltd. (株式会社そごう・西武). It once owned stores in locations as diverse as Beijing in China, Causeway Bay in Hong Kong, Taipei in Taiwan, Jakarta and Surabaya in Indonesia, Kuala Lumpur in Malaysia, Singapore, Bangkok in Thailand, London in United Kingdom, but most of these international branches are now closed or operated by independent franchisees.
Scarborough Town Centre (STC) is a shopping mall in Toronto, Ontario, Canada. Central to the Scarborough City Centre district, it is adjacent to Scarborough Centre station, the Scarborough Centre Bus Terminal and the CTV Toronto studios (9 Channel Nine Court). Opened in 1973, the mall is the fourth largest shopping mall in Canada and third in Toronto by retail space.
Churchill Square is the principal shopping centre in the centre of Brighton and Hove, a city on the south coast of England. It is at the eastern end of Western Road, near the Clock Tower.
The Stichting INGKA Foundation is a Dutch foundation founded in 1982 by Ingvar Kamprad, a Swedish billionaire and founder of IKEA, and his corporate attorney Linnea Walsh. INGKA is one of the largest charitable foundations in the world and used to be one of the largest nonprofit organisations in the world. The name "INGKA" comes from a contraction of Ingvar's name, while stichting is the Dutch language word for foundation. The stated purpose of the foundation is "To promote and support innovation in the field of architectural and interior design"; however, the organization has recently expanded its philanthropic agenda towards well-being of children in the developing world.
Aura is a mixed-use skyscraper completed in 2014 in Toronto, Ontario, Canada. It is the final phase of a series of condominium buildings near College Park in Toronto's Downtown Yonge district. It is part of the Residences of College Park project. Construction lasted from 2010 to 2014. With 79 floors, as of 2018 it is the tallest residential building in Canada and the 38th tallest residential building in the world.
Burbank Town Center is a large shopping mall and complex that opened in August 1991 in Burbank, California, with three levels of interior shopping anchored by Macy's, Burlington, Sears, and ROUND1 Bowling & Amusement, with an open-air shopping plaza anchored by Office Depot.
Majid Al Futtaim Holding is an Emirati holding company based in Dubai. The family-owned conglomerate owns and operates shopping malls, retail, and hotel establishments in the Middle East and North Africa.
Cargills (Ceylon) PLC is a Sri Lankan consumer company which is listed on the Colombo Stock Exchange. It is a market leader in the Modern Retail (supermarkets), FMCG, and Restaurants industries and also has a presence in the Banking, Real Estate, and Cinema sectors. The controlling interest in the company is held by C T Holdings PLC.
Inter IKEA Foundation is a foundation registered in Liechtenstein as a Unternehmensstiftung. Its office is located in Vaduz, Liechtenstein. It owns Inter IKEA Holding B.V., registered in the Netherlands, which through its subsidiary Inter IKEA Systems controls the intellectual property of the IKEA brand. Through its subsidiaries, the foundation collects franchise fees of 3% on sales of all IKEA products and also conducts investment activities. In 2011, it was reported that the foundation controlled assets valued at US$15 billion.
Inter IKEA Holding B.V. is a holding company registered in the Netherlands, ultimately owned by Interogo Foundation. It owns the company Inter IKEA Systems and thereby controls the intellectual property of IKEA. It is also in charge of design, manufacturing and supply of IKEA products.
Livat Hammersmith, formerly known as the Kings Mall, is a retail, residential and office complex located off King Street in Hammersmith in the London Borough of Hammersmith and Fulham. Along with the other Livat Centres, it is operated by the Ingka Centres division of INGKA Holding.
Global furniture and homeware retailer IKEA has been criticized for various issues, including their raw material sourcing, the size of their stores, the impact of their stores on local communities, legal violations, and unfair or discriminatory business practices, among others.
Alon Blue Square, formerly Blue Square, is a private Israeli holding company, owned by Moti Ben-Moshe. It was founded as a retail chain, but subsequently branched out into real estate and other fields.
The Matkus Shopping Center is a shopping mall in the southern part of Kuopio, Finland, located 11 kilometres (6.8 mi) south of its city center along the Highway 5 (E63), in the Matkus business area of the Hiltulanlahti district. It is the fifth largest business center in Finland. On bus lines 31 and 35 from the Kuopio Market Square directly to the shopping center.
Interogo Foundation is a foundation registered in Liechtenstein as a Unternehmensstiftung. Its office is located in Vaduz, Liechtenstein. Until 2023, it owned Inter IKEA Holding B.V., registered in the Netherlands, which through its subsidiary Inter IKEA Systems controlled the intellectual property of the IKEA brand. In 2011, it was reported that the foundation controlled assets valued at US$15 billion. In 2023 it demerged, splitting off the Inter IKEA Foundation as a separate foundation that owns Inter IKEA Holding B.V..