Our owner - Inter IKEA Group

Our owner

Our owner, Interogo Foundation

Inter IKEA Group (Inter IKEA Holding B.V. and all its subsidiaries) is owned by Interogo Foundation, based in Liechtenstein and established in 1989.

Background

The foundation is an independent entity with legal personality and its own governing bodies. The foundation exists for an unlimited period of time.

Ingvar Kamprad, the creator of IKEA, has a true passion for his lifework and wished to secure the independence and longevity of the IKEA Concept, including e.g. the IKEA Trademarks.

Inter IKEA and Interogo Foundation were established during the 1980s to secure independence and longevity of the IKEA Concept. The IKEA Concept is the core asset of Inter IKEA Group and its franchisor operation. The overall purpose of Inter IKEA Group is to secure continuous improvement, development, expansion and a long life of the IKEA Concept. This will require investments in both good and bad times.

With Interogo Foundations’ long-term perspective and obligation to remain independent, a public listing of the Inter IKEA companies can never be an option. The foundation ownership structure with an unlimited life period secures independence and longevity.

Interogo Foundation is the ultimate owner of Inter IKEA Group, including Inter IKEA Systems B.V., the worldwide IKEA franchisor and owner of the IKEA Concept. In this manner the IKEA Concept will remain under the ultimate and undivided control of Interogo Foundation, over generations and irrespective of changes related to individuals or family relationships. And thus avoid a fragmentation of ownership that potentially could occur if it would have been family owned or publicly listed. For these reasons, the Liechtenstein Foundation law, offering a particular form of enterprise foundations (Unternehmensstiftung), was found to be best suited for the purpose for which Interogo Foundation was established.

Enterprise Foundation

Interogo Foundation is an enterprise foundation (Unternehmensstiftung) with the status of a legal person under Liechtenstein law. Its main purpose is to own and govern Inter IKEA Group and to invest in Inter IKEA and thereby in the further expansion of the IKEA Concept, in order to secure the independence and the longevity of the Group and the IKEA Concept.

The foundation can also support individual IKEA franchisees experiencing financial difficulties or make donations to certain philanthropic causes. In simple terms, the characteristic of an enterprise foundation is that it ‘owns itself’, and funds held by the foundation can only be used for its determined purposes. Consequently the Kamprad family does neither own nor control Interogo Foundation. It is however intended that the family of Ingvar Kamprad, as the creator of IKEA, over generations should be offered the opportunity to be engaged in the Supervisory Council (Beirat) of Interogo Foundation, but always in minority.

Retained earnings within the Inter IKEA Group are reinvested in the Group’s long term business. Funds required for reserves for possible future needs are conservatively invested.

Governance of Interogo Foundation

 

Governance of Interogo Foundation 

Interogo Foundation has two governing bodies, a Foundation Council (Stiftungsrat) and a Supervisory Council (Beirat).

The Foundation Council has the full decision-making power and represents the foundation. The Foundation Council currently has three members: Johannes Burger, Per Ludvigsson and Herbert Oberhuber.

The Supervisory Council role is advisory and to appoint members of the Foundation Council. The Supervisory Council has seven seats and the Kamprad family must always be in minority.

Members of the Supervisory Council presently are: Mats Agmén, Hans Gydell, Mathias Kamprad, Birger Lund, Magnus Mandersson, Urs Wickihalder and Alfred Wiederkehr. Each outgoing member of the Supervisory Council appoints his or her successor.

Interogo Foundation is meant to be of perpetual existence even if circumstances were to change. Therefore, the statutes contain rules on how the statutory provisions relating to the structure or organisation can be changed. The goal is to secure the pursuance of Interogo Foundation’s purpose, even if circumstances change. The purpose of Interogo Foundation itself, however, can never be changed, as long as it is possible to fulfil the same. In the most unlikely scenario that it is no longer possible to pursue Interogo Foundation’s purpose, it can only be altered by a court ruling.