Inter IKEA Holding

Last updated
Inter IKEA Holding B.V.
Company type Holding company
Founded1991
Founder Ingvar Kamprad
Headquarters Delft, Netherlands
Area served
Worldwide
Key people
Jon Abrahamsson Ring (CEO)
Revenue22,878,000,000 Euro (2017)  OOjs UI icon edit-ltr-progressive.svg
Parent Inter IKEA Foundation
Subsidiaries
  • Inter IKEA Systems B.V.
  • IKEA of Sweden A.B.
  • IKEA Supply A.G.
  • IKEA Industry Holding B.V.
Website www.inter.ikea.com

Inter IKEA Holding B.V. is the holding company of Inter IKEA Group. [1] Registered in the Netherlands, [2] and ultimately owned by Inter IKEA 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. [3] [4] [5] [6]

Contents

History

The company was incorporated in 1991 as Inter IKEA Holding S.A. in Luxembourg. Between 2011 and 2016, restructuring took place among corporate entities related to IKEA, and since 2016, Inter IKEA Holding has been based in the Netherlands. [7] [8] [9] [10] [11]

Inter IKEA Holding used to be controlled by Ingvar Kamprad, the founder of IKEA, and his family, through the advisory council of Interogo Foundation. However, in 2013, Kamprad renounced the right to appoint members to that council, and the current articles of the foundation require that Kamprad family members do not hold a majority of the seats. [5] [12] [13]

Subsidiaries

Inter IKEA Systems

Inter IKEA Systems B.V. is a holding company fully owned by Inter IKEA Holding and thus Interogo Foundation. It is the company that legally owns all of the IKEA brand's intellectual property (logo, word, trademarks, etc.). [14]

Inter IKEA Systems is the IKEA franchisor. The company releases guides and manuals of various parts of the IKEA brand. The company releases news, training, program and various other types of manuals. It also does research about the market IKEA is in and releases reports and tools to IKEA retailers. The company was incorporated in 1983, and it is based in the Netherlands. [15]

IKEA of Sweden

IKEA of Sweden A.B. is responsible for designing, developing and making home furnishing products for IKEA. The company is based in Älmhult, Sweden. The company was founded in 1943. [3] [16]

IKEA Supply

IKEA Supply A.G. is responsible for supplying IKEA products to IKEA franchises. It owns many distribution centers around the world. It is based in Switzerland. [3]

IKEA Industry

IKEA Industry A.B. produces 10-12% of the IKEA range of products. The company mostly focuses on wooden furniture. It was founded in 1991 as Swedwood International AB. The company name was changed from Swedwood International AB to IKEA Industry A.B. in September 2013. The company has always been based in Sweden. [3] [17]

IKEA Marketing and Communication

IKEA Marketing and Communication AB (formerly IKEA Communications AB [18] ) creates and maintains IKEA communication for customers and other IKEA organizations. Its responsibilities include the IKEA website, apps, brochures, TV commercials, and assembly instructions. It is based in Sweden. [3] It is a Promoter Member of the Khronos Group. [19]

IKEA Food Services

IKEA Food Services A.B. develops and produces the IKEA food and beverages products sold in IKEA stores. It is based in Sweden. [3]

See also

Related Research Articles

<span class="mw-page-title-main">IKEA</span> Swedish furniture company

IKEA, is a multinational conglomerate founded in Sweden that designs and sells ready-to-assemble furniture, kitchen appliances, decoration, home accessories, and various other goods and home services. IKEA is owned and operated by a series of not-for-profit and for-profit corporations collectively known and managed as Inter IKEA Group and Ingka Group. The IKEA brand itself is owned and managed by Inter IKEA Systems B.V., a company incorporated in the Netherlands.

<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.

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.

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

INGKA Holding B.V. is the holding company of INGKA Group. Based in Leiden, Netherlands, it is the largest IKEA franchisee holding company and 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.

<span class="mw-page-title-main">Mercuria</span> Multinational commodity trading company

Mercuria Energy Group Ltd. is a Cypriot-domiciled Swiss multinational commodity trading company active in a wide spectrum of global energy markets including crude oil and refined petroleum products, natural gas, power, biodiesel, base metals and agricultural products. The company is one of the world's five largest independent energy traders and asset operators and is based in Geneva, Switzerland, with 37 additional offices worldwide. The group operates in 50 different countries.

<span class="mw-page-title-main">Al-Futtaim Group</span> Conglomerate based in Dubai, United Arab Emirates

The Al-Futtaim Group is an Emirati conglomerate based in Dubai.

The Gores Group, LLC is a private equity firm specializing in acquiring and partnering with mature and growing businesses. The company was founded in 1987 by its CEO and chairman, Alec E. Gores.

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

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.

Ovako AB is a European manufacturer of engineering steel for customers e.g. in the bearing, transportation and manufacturing industries. Since 2018, Ovako has been owned by Nippon Steel Corporation.

<span class="mw-page-title-main">IKEA Billy</span> Bookcase range by IKEA

Billy is a bookcase sold by the Swedish furniture company IKEA. It was developed in 1979 by the Swedish designer Gillis Lundgren, and IKEA have sold over 140 million units of the bookcases worldwide. Its popularity and global spread has led to its use as a barometer of relative worldwide price levels.

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">Flora Food Group</span> Dutch food company

Flora Food Group B.V. is a Dutch food company owning multiple brands of margarine, food spreads, and plant-based foods, including Flora and Blue Band. It states that it is the largest plant-based consumer packaged goods company in the world, operating in 95 countries.

<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.

Inter Primo A/S is a Danish multinational plastic extrusion company headquartered in central Copenhagen, Denmark, with 14 production facilities in eight countries and an additional office in Norway. Inter Primo is controlled by Primo Holding A/S.

<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. ↑ "Ownership of Inter IKEA Holding B.V." www.interikeafoundation.com. Retrieved 2024-12-17.
  2. ↑ "Inter IKEA Systems BV - Company Profile and News". Bloomberg News .
  3. 1 2 3 4 5 6 "Our Business in brief". Inter IKEA Systems. Archived from the original on 29 April 2020. Retrieved 2 January 2020.
  4. ↑ Milne, Richard (3 February 2019). "Inter Ikea's Torbjorn Loof: making the vision clear". Financial Times. Retrieved 3 January 2020.
  5. 1 2 Milne, Richard (1 February 2018). "What will Ikea build next?". Financial Times. Retrieved 2 January 2020.
  6. ↑ "Inter IKEA Holding B.V." D&B Hoovers. Retrieved 2 January 2020.
  7. ↑ "Company Overview of Inter IKEA Holding S.A." www.bloomberg.com. Archived from the original on 23 September 2018. Retrieved 23 September 2018.
  8. ↑ Milne, Richard; Toplensky, Rochelle (18 December 2017). "Ikea's complicated tax-driven structure faces EU scrutiny". Financial Times. Retrieved 2 January 2020.
  9. ↑ "State aid: Commission opens in-depth investigation into the Netherlands' tax treatment of Inter IKEA". European Commission. 18 December 2017. Retrieved 2 January 2020.
  10. ↑ "New structure of Inter IKEA Group". Vastint Holding. 24 June 2016. Retrieved 2 January 2020.
  11. ↑ "Inter IKEA Group acquires IKEA range, supply and production activities from the INGKA Group". Inter IKEA Systems. 1 September 2016. Retrieved 2 January 2020.
  12. ↑ Ringstrom, Anna; Thomas, Susan (18 October 2016). "Mathias Kamprad steps down as chairman of IKEA brand owner". Reuters. Retrieved 3 January 2020.
  13. ↑ "Advisory Council (Beirat)". Interogo Foundation. Retrieved 3 January 2020.
  14. ↑ "Inter IKEA Systems B.V." franchisor.ikea.com. Retrieved 23 September 2018.
  15. ↑ "Company Overview of Inter IKEA Systems B.V." www.bloomberg.com. Archived from the original on 24 September 2018. Retrieved 23 September 2018.
  16. ↑ "Company Overview of IKEA of Sweden AB". www.bloomberg.com. Archived from the original on 28 September 2018. Retrieved 23 September 2018.
  17. ↑ "Company Overview of IKEA Industry AB". www.bloomberg.com. Archived from the original on 28 September 2018. Retrieved 23 December 2018.
  18. ↑ Compare the current (2021) name with the name in the 2020 årsredovisning as found at e.g. https://www.hitta.se/f%C3%B6retagsinformation/ikea+communications+ab/5562752955
  19. ↑ "Khronos Members - The Khronos Group Inc". Khronos Group . Retrieved 2021-06-10.
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.