Inter IKEA Foundation
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Inter IKEA Foundation
Inter IKEA Foundation is a foundation registered in Liechtenstein as a ''Unternehmensstiftung'' (, 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. 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. The IKEA founder Ingvar Kamprad and his family used to control Interogo Foundation until 2013. On 1 September 2023, the Inter IKEA Foun ...
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Ingvar Kamprad
Feodor Ingvar Kamprad (; 30 March 1926 – 27 January 2018) was a Swedish billionaire who founded IKEA in 1943 and grew into a multinational retail company that became the world's largest furniture seller in 2008. He moved to Switzerland with his Swiss wife in 1976, moving back to Småland in 2014 after her death in 2011. Early life and family Kamprad was born in Pjätteryd (now part of Älmhult Municipality), Kronoberg County, Kronobergs län, in Småland, Sweden, to Feodor Kamprad (1893–1984) and Berta Linnea Matilda Nilsson (1901–1956). His mother was of Swedish origin, while his father was born in the German Empire and came to Sweden a year after his birth with his parents. Kamprad's paternal grandfather, Achim Erdmann Kamprad, was originally from an aristocratic German family in Altenburger Land in Thuringia, while his paternal grandmother, Franzisca ("Fanny") Glatz, was born in Radonice (Chomutov District), Radonitz (Radonice) in Kingdom of Bohemia, Bohemia in the ...
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Franchise Fee
A franchise fee is a fee or charge that one party, the franchisee, pays another party, the franchisor, for the right to enter in a franchise agreement. Generally by paying the franchise fee a franchisee receives the rights to sell goods or services, under the franchisor's trademarks, as well as access to the franchisor's business processes. Often, the franchisee fee includes some assistance from the franchisor in opening the franchised business. The fee typically consists of a lump sump payment plus ongoing royalties which are typically 5-10% of turnover. Scope By joining a franchise, an investor or franchisee is able to run a business under the umbrella of the franchise. The franchisee must pay a franchise fee, which may become costly. In the United States, it may amount to thousands of dollars. In return, the franchisee may enjoy the use of the franchisor's system and name for a limited time, as well as assistance. Such help includes location assistance for the outlet. The fr ...
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Organizations Established In 1989
An organization or organisation (Commonwealth English; see spelling differences) is an entity—such as a company, or corporation or an institution (formal organization), or an association—comprising one or more people and having a particular purpose. Organizations may also operate secretly or illegally in the case of secret societies, criminal organizations, and resistance movements. And in some cases may have obstacles from other organizations (e.g.: MLK's organization). What makes an organization recognized by the government is either filling out incorporation or recognition in the form of either societal pressure (e.g.: Advocacy group), causing concerns (e.g.: Resistance movement) or being considered the spokesperson of a group of people subject to negotiation (e.g.: the Polisario Front being recognized as the sole representative of the Sahrawi people and forming a partially recognized state.) Compare the concept of social groups, which may include non-orga ...
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Foundations Based In Liechtenstein
Foundation(s) or The Foundation(s) may refer to: Common uses * Foundation (cosmetics), a skin-coloured makeup cream applied to the face * Foundation (engineering), the element of a structure which connects it to the ground, and transfers loads from the structure to the ground * Foundation (evidence), a legal term * Foundation (nonprofit), a type of charitable organization ** Foundation (United States law), a type of charitable organization in the U.S. ** Private foundation, a charitable organization that might not qualify as a public charity by government standards Arts, entertainment, and media Film and TV * ''The Foundation'', a film about 1960s-1970s Aboriginal history in Sydney, featuring Gary Foley * ''The Foundation'' (1984 TV series), a Hong Kong series * ''The Foundation'' (Canadian TV series), a 2009–2010 Canadian sitcom * "The Foundation" (''Seinfeld''), an episode * ''Foundation'' (TV series), an Apple TV+ series adapted from Isaac Asimov's novels Games * ' ...
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Stichting INGKA Foundation
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 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. The foundation contributes funds via the IKEA Foundation which works with the UNHCR. It is one of the seven international entities who support the UNHCR camp office in Kutupalong (Bangladesh) for the Rohingya refugees from Myanmar. Overview The foundation owns the private Dutch company INGKA Holding, based in Lei ...
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Interogo Holding
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. History The company was founded in 2016 after the Interogo Foundation split its non–IKEA-related companies from its IKEA-related companies (Inter IKEA Holding) into Interogo Holding A.G. These primarily include property and financial investments. Subsidiaries Vastint Holding ''Vastint Holding B.V.'' develops and manages property in Europe. It focuses on the development of commercial property. This includes the selling and developing residential properties. They manage or developed several offices, hotels and residential properties. The company was founded in 1989. It is based in The Netherlands. Inter Fund Management ''Inter Fund Management S.A.'' manages funds on behalf of subsidiaries of Interogo Foundation. These primarily consist of the companies rela ...
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Inter IKEA Holding
Inter IKEA Holding B.V. is the holding company of Inter IKEA Group. Registered in the Netherlands, 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. 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. 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. Subsidiaries Inter IKEA Systems ''Inter IKEA Systems B.V.'' is a hold ...
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Interogo Foundation
Interogo Foundation is a foundation registered in Liechtenstein as an ' (, literally in English: 'enterprise foundation'). 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. 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. The IKEA founder Ingvar Kamprad and his family used to control Interogo Foundation until 2013. On 1 September 2023, the Inter IKEA Foundation was demerged from the ...
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IKEA
IKEA ( , ) is a Multinational corporation, multinational conglomerate (company), conglomerate founded in Sweden that designs and sells , household goods, and various related 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 and headquartered in the Netherlands. IKEA was started in 1943 by Ingvar Kamprad, and 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, southern Sweden. The company is primarily known for its Modern furniture, modernist furniture designs, simple approach to interior design, and its immersive shopping concept, based around decorated room settings within big-box ...
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Liechtenstein
Liechtenstein (, ; ; ), officially the Principality of Liechtenstein ( ), is a Landlocked country#Doubly landlocked, doubly landlocked Swiss Standard German, 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 List of European countries by area, Europe's fourth-smallest country, with an area of just over 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. Liechtenstein is divided into Municipalities of Liechtenstein, 11 municipalities. Its capital is Vaduz, and its largest municipality is Schaan. It is a member of the United Nations, the European Free Trade Association, and the Council of Europe. It is not a member state of the European Union, but it participates i ...
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Intellectual Property
Intellectual property (IP) is a category of property that includes intangible creations of the human intellect. There are many types of intellectual property, and some countries recognize more than others. The best-known types are patents, copyrights, trademarks, and trade secrets. The modern concept of intellectual property developed in England in the 17th and 18th centuries. The term "intellectual property" began to be used in the 19th century, though it was not until the late 20th century that intellectual property became commonplace in most of the world's List of national legal systems, legal systems."property as a common descriptor of the field probably traces to the foundation of the World Intellectual Property Organization (WIPO) by the United Nations." in Mark A. Lemley''Property, Intellectual Property, and Free Riding'', Texas Law Review, 2005, Vol. 83:1031, page 1033, footnote 4. Supporters of intellectual property laws often describe their main purpose as encouragin ...
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The Netherlands
, Terminology of the Low Countries, informally Holland, is a country in Northwestern Europe, with Caribbean Netherlands, overseas territories in the Caribbean. It is the largest of the four constituent countries of the Kingdom of the Netherlands. The Netherlands consists of Provinces of the Netherlands, twelve provinces; it borders Germany to the east and Belgium to the south, with a North Sea coastline to the north and west. It shares Maritime boundary, maritime borders with the United Kingdom, Germany, and Belgium. The official language is Dutch language, Dutch, with West Frisian language, West Frisian as a secondary official language in the province of Friesland. Dutch, English_language, English, and Papiamento are official in the Caribbean Netherlands, Caribbean territories. The people who are from the Netherlands is often referred to as Dutch people, Dutch Ethnicity, Ethnicity group, not to be confused by the language. ''Netherlands'' literally means "lower countries" i ...
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