BrandWikiReturn

Inter IKEA Foundation

Inter IKEA Foundation is a foundation registered in Liechtenstein as a 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 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.[1][2][3][4][5][6]

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.[7]

The IKEA founder Ingvar Kamprad and his family used to control Interogo Foundation until 2013.[8]

On 1 September 2023, the Inter IKEA Foundation was demerged from the Interogo Foundation.[9]

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.[7]

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.[10][11][12]

See also

External links

References

  1. Contact Interogo Foundation, retrieved 7 April 2022^
  2. About us Interogo Foundation, retrieved 25 February 2020^
  3. Business and organisation Interogo Holding, retrieved 7 April 2022^
  4. Our Business in brief Inter IKEA Systems, retrieved 2 January 2020^
  5. Richard Milne, Rochelle Toplensky. Ikea's complicated tax-driven structure faces EU scrutiny Financial Times, 18 December 2017, retrieved 2 January 2020^
  6. Kamprad gömmer Ikea-miljarderna i skatteparadis Svt.se, 26 January 2011, retrieved 28 January 2011^
  7. Gruendungsurkunde Interogo Foundations, 29 March 1989, retrieved 28 January 2011^
  8. Ingvar Kamprad bekräftar stiftelsen i mejl till TT Svt.se, 26 January 2011, retrieved 28 January 2011^
  9. New owner of Inter IKEA Group www.inter.ikea.com, retrieved 2023-12-27^
  10. Richard Milne. What will Ikea build next? Financial Times, 1 February 2018, retrieved 2 January 2020^
  11. Anna Ringstrom, Susan Thomas. Mathias Kamprad steps down as chairman of IKEA brand owner Reuters, 18 October 2016, retrieved 3 January 2020^
  12. Advisory Council (Beirat) Interogo Foundation, retrieved 3 January 2020^