Inter IKEA Foundation

Last updated
Inter IKEA Foundation
Company type Foundation
Founded2023
Founder Ingvar Kamprad
Headquarters Liechtenstein [1]
Area served
Worldwide
Subsidiaries Inter IKEA Holding B.V.
Website www.interikeafoundation.com/en

Inter IKEA Foundation is a foundation registered in Liechtenstein as a Unternehmensstiftung (German: [ʊntɐˈneːmənsˌʃtɪftʊŋ] , literally in English: "enterprise foundation"). 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. [1] [2] [3] [4] [5] [6] [7] [8]

Contents

History

Interogo Foundation was founded on 29 March 1989 in Vaduz, Liechtenstein. Its aim is to secure the longevity and independence of the IKEA concept and the continued existence of Inter IKEA Holding, as well as to influence the leadership of the company. [2] [7]

The IKEA founder Ingvar Kamprad and his family used to control Interogo Foundation until 2013. [9] [10] [11]

On 1 September 2023, the Inter IKEA Foundation was demerged from the Interogo Foundation. [12]

Governance

The foundation board has at least two members, who at the time of the founding of Interogo Foundation were the lawyers Herbert Oberhuber and Johannes Burger. The foundation may be changed into a company or a trust if circumstances have changed so that this is in the foundation's interests. Meetings of the board are announced by the president of the foundation. [2]

Board members are appointed by the advisory council of Interogo Foundation. In 2013, Ingvar Kamprad resigned from that council and renounced his right to appoint its members. As of 2020, the rules for appointing members of the advisory council state that Kamprad family members may not hold a majority of the seats. [7] [10] [11]

See also

Related Research Articles

<span class="mw-page-title-main">IKEA</span> Swedish multinational retail conglomerate

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 name is an acronym of founder Ingvar Kamprad's initials; Elmtaryd, the family farm where Kamprad was born; and the nearby village of Agunnaryd, Kamprad's hometown in Småland.

<span class="mw-page-title-main">Liechtenstein</span> Microstate in the Alps

Liechtenstein, officially the Principality of Liechtenstein, is a doubly landlocked German-speaking microstate in the Central European Alps, between Austria in the east and north and Switzerland in the west and south. Liechtenstein is a semi-constitutional monarchy headed by the prince of Liechtenstein of the House of Liechtenstein, currently led by Hans-Adam II. It is Europe's fourth-smallest country, with an area of just over 160 square kilometres and a population of 40,023. It is the world's smallest country to border two countries, and is one of the few countries with no debt.

<span class="mw-page-title-main">Älmhult Municipality</span> Municipality in Kronoberg County, Sweden

Älmhult Municipality is a municipality in central Kronoberg County in southern Sweden, where the town of Älmhult is seat.

<span class="mw-page-title-main">Ingvar Kamprad</span> Swedish founder of IKEA (1926–2018)

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.

<span class="mw-page-title-main">Ikano Bank</span> Swedish bank

Ikano Bank is a consumer finance bank established in 1995 by Ingvar Kamprad. It offers loans, savings accounts and partner business supplying sales finance to large retailers, including IKEA, Volkswagen, Audi, Lindex, Hemtex, Skoda, Shell and Preem.

<span class="mw-page-title-main">Agunnaryd</span> Place in Småland, Sweden

Agunnaryd is a locality and a parish situated in Ljungby Municipality, Kronoberg County, Sweden with 220 inhabitants in 2010.

<span class="mw-page-title-main">Pelle Petterson</span> Swedish sailor

Pelle Helmer Petterson is a Swedish sailor and yacht designer. He is the son of Helmer Petterson and Norwegian-born Borgny Petterson, and studied design at the leading Pratt Institute in New York from 1955 through 1957. His father was also a designer who developed wood gas aggregates and Volvo PV444, strongly influencing his son to go in his footsteps. He is probably best known for designing the Maxi brand of sailing boats, which are still among the most common sailing boats in Swedish waters. He also designed Volvo's successful sports car, the P1800, while he was a student of Pietro Frua.

Ikano Group is a privately held international group of companies with the parent company Ikano S.A. based in Luxembourg. It was originally a part of IKEA, which was founded by Ingvar Kamprad, then became independent in 1988, and has since been owned by the Kamprad family.

<span class="mw-page-title-main">Stichting INGKA Foundation</span> Dutch nonprofit organization

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.

International Swede of the Year is a prize awarded by the Society for expatriate Swedes.

<span class="mw-page-title-main">INGKA Holding</span> Holding company

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. The company is fully owned by the Stichting INGKA Foundation. INGKA is named after Ingvar Kamprad, its Swedish founder.

Magnus Mandersson is a Swedish businessman. He was Executive Vice President at telecommunications company Ericsson from 2011 to 2017, and is currently chairman of Tampnet AS, Karnov Group and NEXT Biometrics.

<span class="mw-page-title-main">Inter IKEA Holding</span> Holding company

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.

<span class="mw-page-title-main">Groupe Habitat</span> International chain of stores

Groupe Habitat is an international chain of stores of British origin created by Sir Terence Conran in 1973, which specialises in the sale of furniture and contemporary decorative accessories. In September 2011 it was purchased by the French group Cafom SA distribution, who sold it to the industrialist Thierry Le Guénic in October 2020.

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.

<span class="mw-page-title-main">Interogo Holding</span> Holding company owned by the Interogo Foundation

Interogo Holding A.G. is a holding company that is fully owned by the Interogo Foundation. The business focus is on financial and property investments. The company was created after it was spun off from Inter IKEA Holding.

<span class="mw-page-title-main">IKEA Foundation</span> Dutch foundation

The IKEA Foundation is a Dutch not-for-profit organisation founded in 1982 by Ingvar Kamprad as a means to support advancement in interior design and architecture. In 2009, the Foundation's charter was expanded to benefit vulnerable children. In 2018, the Foundation shifted its focus to supporting the development of sustainable livelihoods and combatting climate change. The Foundation is led by chief executive officer Jessica Anderen. In 2022, it provided €268.2 million in grants.

<span class="mw-page-title-main">Jesper Brodin</span> Jesper Brodin, the CEO of Ingka Group.

Jesper Brodin is a Swedish business leader and the chief executive officer (CEO) of Ingka Group. During his career at IKEA, Brodin has held a number of different roles including assistant to Ingvar Kamprad, Business Area Manager Kitchen and Dining, as well as managing director for Range & Supply, Inter IKEA Group.

<span class="mw-page-title-main">Interogo Foundation</span>

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..

References

  1. 1 2 "Contact". Interogo Foundation. Retrieved 7 April 2022.
  2. 1 2 3 "Gruendungsurkunde" (PDF) (in German). Interogo Foundations. 29 March 1989. Archived from the original (PDF) on 9 October 2012. Retrieved 28 January 2011.
  3. ↑ "About us". Interogo Foundation. Retrieved 25 February 2020.
  4. ↑ "Business and organisation". Interogo Holding. Retrieved 7 April 2022.
  5. ↑ "Our Business in brief". Inter IKEA Systems. Archived from the original on 29 April 2020. Retrieved 2 January 2020.
  6. ↑ Milne, Richard; Toplensky, Rochelle (18 December 2017). "Ikea's complicated tax-driven structure faces EU scrutiny". Financial Times. Retrieved 2 January 2020.
  7. 1 2 3 Milne, Richard (1 February 2018). "What will Ikea build next?". Financial Times. Retrieved 2 January 2020.
  8. ↑ "Kamprad gömmer Ikea-miljarderna i skatteparadis" (in Swedish). Svt.se. 26 January 2011. Archived from the original on 29 March 2013. Retrieved 28 January 2011.
  9. ↑ "Ingvar Kamprad bekräftar stiftelsen i mejl till TT" (in Swedish). Svt.se. 26 January 2011. Archived from the original on 22 February 2014. Retrieved 28 January 2011.
  10. 1 2 Ringstrom, Anna; Thomas, Susan (18 October 2016). "Mathias Kamprad steps down as chairman of IKEA brand owner". Reuters. Retrieved 3 January 2020.
  11. 1 2 "Advisory Council (Beirat)". Interogo Foundation. Retrieved 3 January 2020.
  12. ↑ "New owner of Inter IKEA Group". www.inter.ikea.com. Retrieved 2023-12-27.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.