How we are organised | Ingka Group

We’re an IKEA franchisee

Ingka Holding B.V. is one of 12 franchisees, operating IKEA stores under franchise agreements with Inter IKEA Systems B.V., the owner of the IKEA Concept and worldwide IKEA franchisor.

Inter IKEA Systems B.V. is based in the Netherlands and part of Inter IKEA Group. Inter IKEA Group and Ingka Group have the same founder, as well as a common history and heritage, but are two separate groups of companies with different management and different owners.

All IKEA franchisees pay a 3% franchise fee to Inter IKEA Systems B.V. The franchise fee gives us, as an IKEA retailer, the right to operate stores and other sales channels under the IKEA Concept and IKEA Brand. It grants access to systems, methods and proven solutions as well as staff trainings, manuals and updates of the IKEA Concept such as store layouts, fittings and display concepts.

Person enjoying a cup of coffee whilst sun-rays are shining through the window.

Our three businesses

Ingka Holding B.V. is the parent company of the Ingka Group, based in Leiden, the Netherlands. Ingka Group operates three businesses in one: IKEA Retail, Ingka Centres and Ingka Investments.

IKEA Retail is our core business. We currently operate 378 IKEA stores in 32 countries, generating over 90% of all IKEA store sales.

Ingka Centres operates shopping centres under different trademarks, always anchored by an IKEA store.

Ingka Investments makes responsible investments to strengthen Ingka Group’s long-term growth, secure its financial position and support its sustainability goals.

Ownership structure

Ingka Group (Ingka Holding B.V. and its controlled entities) has an ownership structure that ensures independence and a long-term approach.

Ingka Group is owned by a Dutch foundation, Stichting Ingka Foundation, with a charitable purpose that is achieved by making funds available to Stichting IKEA Foundation. As its owner, Stichting Ingka Foundation can reinvest funds into Ingka Group.

Stichting Ingka Foundation

Owner of Ingka Group

Stichting IKEA Foundation

Charity

Stichting IMAS Foundation

Management of own financial assets

Ingka Group Management Board

The Management Board is the ultimate decision-making body and is responsible for the formal conduct and the strategic, structural and financial approvals as well as critical risks for Ingka Group.

The Ingka Group Management Board has two members: Jesper Brodin, President and Chief Executive Officer, and Juvencio Maeztu, Chief Financial Officer and Deputy Chief Executive Officer. Kurt-Jörgen Olsson, General Counsel, is Permanent Invitee and Corporate Secretary to the Management Board.

Ingka Group Supervisory Board

The Supervisory Board of Ingka Holding B.V. is responsible for supervising, monitoring and advising the work of the Management Board. Based on recommendations from the Management Board, the Supervisory Board approves, among other things, the strategic plan, the main directions and the budget of Ingka Group. The Supervisory Board is always guided by the interests of Ingka Group and to ensure the continuity of our business.

As per 31 August 2020, the Supervisory Board of Ingka Holding B.V. consists of eight members.

Ingka Group governance

We’re an IKEA franchisee

Our three businesses

Ownership structure

Ingka Group Management Board

Ingka Group Management

Ingka Group Supervisory Board