INGKA Holding

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INGKA Group
TypeHolding company
IndustryRetail
FounderIngvar Kamprad
HeadquartersNetherlands
Area served
Worldwide
RevenueIncrease €37.36 billion (2020)[1]
Decrease €1.43 billion (2020)[1]
Decrease €1.189 billion (2020)[1]
Total assetsDecrease €52.2 billion (2020)[1]
Total equityIncrease €43.16 billion (2020)[1]
Number of employees
158,400 (2018)[1]
ParentStichting INGKA Foundation
Websitewww.ingka.com
IKEA ownership chart
Other IKEA
franchisees
Intellectual
properties
Inter IKEA
Systems
(Netherlands)
IKEA Supply
IKEA of Sweden
IKEA Industry
Holding
IKEA Comm-
unications
IKEA Food Services
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Flowchart showing the structure and ownership of IKEA companies. Parent companies are at the top of the chart.
Provides services to | Is the parent of
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INGKA Holding B.V. is a holding company based in Leiden, Netherlands. It is the 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.

Relationship with other IKEA companies[]

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]

Other investments[]

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]

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.[7]

References[]

  1. ^ a b c d e f g https://www.ingka.com/wp-content/uploads/2020/11/Ingka_Group_Financial_Performance_FY20.pdf
  2. ^ "Archived copy". Archived from the original on 2014-09-22. Retrieved 2014-08-29.CS1 maint: archived copy as title (link)
  3. ^ "Furniture shops: The secret of IKEA's success". The Economist. 2006-02-24. Retrieved 2011-03-11.
  4. ^ Butler, Sarah (January 9, 2020). "Ikea buys west London shopping mall in city centre push". The Guardian. Retrieved June 27, 2021.
  5. ^ Schneider, Benjamin (September 8, 2020). "Ikea Coming to Downtown San Francisco". SF Weekly. Retrieved June 27, 2021.
  6. ^ Patterson, Craig (March 25, 2021). "IKEA Announces Downtown Toronto Store". Retail Insider. Retrieved June 27, 2021.
  7. ^ "Ingka to acquire 80% stake in seven Romanian wind farms". Power Technology | Energy News and Market Analysis. 2019-09-15. Retrieved 2019-09-16.


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