Interogo Foundation is a
foundation registered in
Liechtenstein as a so-called ''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
IKEA (; ) is a Dutch multinational conglomerate based in the Netherlands that designs and sells , kitchen appliances, decoration, home accessories, and various other goods and home services. Started in 1943 by Ingvar Kamprad, IKEA has been t ...
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.
Appo Trust
Until the end of 2010, the entity Appo Trust, based in
Ontario,
Canada, was in charge of appointing and replacing board members of Interogo Foundation. Appo Trust was controlled by the Kamprad family.
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.
See also
*
Inter IKEA Holding
*
Interogo Holding
Interogo Holding A.G. is a holding company that is fully owned by the Interogo Foundation. The business focus is on property investments and financial investments. The company was created after it was spun-off from Inter IKEA Holding.
History
The ...
*
IKEA
IKEA (; ) is a Dutch multinational conglomerate based in the Netherlands that designs and sells , kitchen appliances, decoration, home accessories, and various other goods and home services. Started in 1943 by Ingvar Kamprad, IKEA has been t ...
*
Stichting INGKA Foundation
References
External links
Founding document of the foundation.
Information from the National Swedish Broadcasting Company, SVT.
Foundations based in Liechtenstein
1989 establishments in Liechtenstein
IKEA
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