INGKA Holding
{{short description|Holding company}}
{{infobox company
| logo = Ingka logo.svg
| name = INGKA Group
| founded =
| area_served = Worldwide
| key_people = CEO – Jesper Brodin
| founder = Ingvar Kamprad
| hq_location = Netherlands
| industry = Retail
| revenue = {{increase}} €37.36 billion (2020)https://www.ingka.com/wp-content/uploads/2020/11/Ingka_Group_Financial_Performance_FY20.pdf {{Bare URL PDF|date=March 2022}}
| operating_income = {{decrease}} €1.43 billion (2020)
| net_income = {{decrease}} €1.189 billion (2020)
| assets = {{decrease}} €52.2 billion (2020)
| equity = {{increase}} €43.16 billion (2020)
| num_employees = 158,400 (2018)
| website = {{URL|https://www.ingka.com/}}
| subsid =
| parent = Stichting INGKA Foundation
| type = Holding company
}}
{{IKEA ownership chart}}
INGKA Holding B.V. is the holding company controlled by the Swedish Kamprad family. Based in Leiden, Netherlands, it is the largest IKEA franchisee holding company and controls 367 stores of the 422 of IKEA in 2018.{{cite web |url=http://franchisor.ikea.com/FranchisingtheIKEAway/Pages/IKEA-franchisees.aspx |title=Inter IKEA Systems B.V. - IKEA franchisees |access-date=2014-08-29 |url-status=dead |archive-url=https://web.archive.org/web/20140922024205/http://franchisor.ikea.com/FranchisingtheIKEAway/Pages/IKEA-franchisees.aspx |archive-date=2014-09-22 }} The company is fully owned by the Stichting INGKA Foundation. INGKA is named after Ingvar Kamprad, its Swedish founder.
Relationship with other IKEA companies
Although it is the largest IKEA franchisee, INGKA Holding does not own the IKEA brand and associated trademarks; these are owned by Inter IKEA Systems in Delft, also in the Netherlands, which is the franchisor of the IKEA system and receives 3% of all IKEA revenues in royalties. Inter IKEA Systems is owned by Inter IKEA Holding, registered in Luxembourg, which is controlled, in turn, by Interogo Foundation, a Liechtenstein foundation that is also supported by the Kamprad family and is valued at approximately US$15 billion.{{cite news| url=https://www.economist.com/node/18229400 | title=Furniture shops: The secret of IKEA's success|access-date=2011-03-11|publisher=The Economist|date=2006-02-24}}
Ingka Centres
The group's Ingka Centres division has developed several shopping centres in which IKEA is the anchor tenant, including the MEGA malls in Russia. Beginning in 2020, the division has acquired existing complexes which will be renovated to include urban IKEA locations, including Kings Mall in London, 6x6 in San Francisco, and the retail podium of the Aura condominium towers in Toronto.{{cite news|url=https://www.theguardian.com/business/2020/jan/09/ikea-buys-west-london-shopping-mall-for-170m-in-city-centre-push|title=Ikea buys west London shopping mall in city centre push|first=Sarah|last=Butler|work=The Guardian|date=January 9, 2020|access-date=June 27, 2021}}{{cite web|url=https://www.sfweekly.com/news/ikea-coming-to-downtown-san-francisco/|title=Ikea Coming to Downtown San Francisco|first=Benjamin|last=Schneider|work=SF Weekly|date=September 8, 2020|access-date=June 27, 2021}}{{cite web|url=https://retail-insider.com/retail-insider/2021/03/ikea-announces-downtown-toronto-store/|title=IKEA Announces Downtown Toronto Store|first=Craig|last=Patterson|work=Retail Insider|date=March 25, 2021|access-date=June 27, 2021}}
Ingka Centres announced in December 2021 that it would open two malls, anchored by IKEA stores, in Gurugram and Noida in India at a cost of around {{INRConvert|9000|c}}. Both malls are expected to open by 2025.{{Cite news|last1=Jamkhandikar|first1=Shilpa|last2=Monnappa|first2=Chandini|date=2021-12-08|title=IKEA malls business to invest around $1.2 bln in India - executive|language=en|work=Reuters|url=https://www.reuters.com/business/retail-consumer/ikea-malls-business-invest-around-928-mln-india-top-executive-says-2021-12-08/|access-date=2022-01-17}}
Following the invasion of Ukraine, Ingka halted Retail operations in Russia and in September of 2023 sold all Russian "Mega" Centres to Gazprombank Group. {{Cite news|date=2023-09-23|title=Ingka-Centres-sells-its-Russian-portfolio-of-shopping-centres - Ingka Group|language=en|url=https://www.ingkacentres.com/en/newsroom/ingka-centres-sells-its-russian-portfolio-of-shopping-centres//|access-date=2024-07-30}}
Other investments
In September 2019, INGKA acquired an 80% stake in seven wind farms in Romania, purchased from the Danish wind turbine manufacturer Vestas. They are said to have paid $150.9m to the Danish firm through its investment unit.{{Cite web|url=https://www.power-technology.com/news/ingka-purchases-80-stake-in-romanian-wind-farms-from-vestas/|title=Ingka to acquire 80% stake in seven Romanian wind farms|date=2019-09-15|website=Power Technology {{!}} Energy News and Market Analysis|language=en-GB|access-date=2019-09-16}}