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

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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.
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