INGKA Holding B.V. is the

holding company A holding company is a company whose primary business is holding a controlling interest in the Security (finance), securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own Share ...

controlled by the Swedish Kamprad family. Based in

Leiden Leiden ( ; ; in English language, English and Archaism, archaic Dutch language, Dutch also Leyden) is a List of cities in the Netherlands by province, city and List of municipalities of the Netherlands, municipality in the Provinces of the Nethe ...

, Netherlands, it is the largest

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 an ...

franchisee holding company and controls 367 stores of the 422 of

in 2018. The company is fully owned by the Stichting INGKA Foundation. INGKA is named after

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 w ...

, its Swedish founder.

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 Delft () is a List of cities in the Netherlands by province, city and Municipalities of the Netherlands, municipality in the Provinces of the Netherlands, province of South Holland, Netherlands. It is located between Rotterdam, to the southeast, ...

, 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 Luxembourg, officially the Grand Duchy of Luxembourg, is a landlocked country in Western Europe. It is bordered by Belgium to the west and north, Germany to the east, and France on the south. Its capital and most populous city, Luxembour ...

, which is controlled, in turn, by Interogo Foundation, a

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 ...

foundation that is also supported by the Kamprad family and is valued at approximately

US$ The United States dollar (Currency symbol, symbol: Dollar sign, $; ISO 4217, currency code: USD) is the official currency of the United States and International use of the U.S. dollar, several other countries. The Coinage Act of 1792 introdu ...

15 billion.

Ingka Centres

The group's Ingka Centres division has developed several

shopping centre A shopping center in American English, shopping centre in English in the Commonwealth of Nations, Commonwealth English (see American and British English spelling differences#-re, -er, spelling differences), shopping complex, shopping arcade, ...

s 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. Ingka Centres announced in December 2021 that it would open two malls, anchored by IKEA stores, in Gurugram and

Noida Noida (), short for New Okhla Industrial Development Authority (ISO: ), is a city located in Gautam Buddha Nagar district of the Indian state of Uttar Pradesh. As per provisional reports of Census of India, the population of Noida in 2011 was ...

in India at a cost of around . Both malls are expected to open by 2025. Following the invasion of Ukraine, Ingka halted Retail operations in Russia and in September of 2023 sold all Russian "Mega" Centres to Gazprombank Group.

Other investments

In September 2019, INGKA acquired an 80% stake in seven wind farms in

Romania Romania is a country located at the crossroads of Central Europe, Central, Eastern Europe, Eastern and Southeast Europe. It borders Ukraine to the north and east, Hungary to the west, Serbia to the southwest, Bulgaria to the south, Moldova to ...

, purchased from the Danish wind turbine manufacturer Vestas. They are said to have paid $150.9m to the Danish firm through its investment unit.

References

{{IKEA ownership IKEA Establishments in Luxembourg Companies based in Leiden