Inter IKEA Foundation is a foundation registered in

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 ...

as a ''Unternehmensstiftung'' (, literally in

English English usually refers to: * English language * English people English may also refer to: Culture, language and peoples * ''English'', an adjective for something of, from, or related to England * ''English'', an Amish ter ...

: "enterprise foundation"). Its office is located in

Vaduz Vaduz (; or ; High Alemannic pronunciation: [])Hans Stricker, Toni Banzer, Herbert Hilbe: ''Liechtensteiner Namenbuch. Die Orts- und Flurnamen des Fürstentums Liechtenstein.'' Band 2: ''Die Namen der Gemeinden Triesenberg, Vaduz, Schaan.'' ...

, Liechtenstein. It owns Inter IKEA Holding B.V., registered in

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 Nether ...

, which through its subsidiary ''Inter IKEA Systems'' controls the

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, co ...

of the

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 ...

brand. Through its subsidiaries, the foundation collects

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 servic ...

s 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 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 ...

and his family used to control Interogo Foundation until 2013. On 1 September 2023, the Inter IKEA Foundation was demerged from the

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 Netherlan ...

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. 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.

References

External links

Founding document of the foundation.

Information from the National Swedish Broadcasting Company, SVT.
{{IKEA ownership Foundations based in Liechtenstein Organizations established in 1989 1989 establishments in Liechtenstein IKEA Organizations based in Vaduz

History

Governance

See also

References

External links