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Inter IKEA Foundation

Liechtensteinian foundation

Field	Value
name	Inter IKEA Foundation
founded	2023
area_served	Worldwide
founder	Ingvar Kamprad
hq_location	Liechtenstein
subsid	Inter IKEA Holding B.V.
website
type	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.{{Cite web |access-date=7 April 2022}}{{Cite web |access-date=25 February 2020}}{{Cite web |access-date=7 April 2022}}{{Cite web |access-date=2 January 2020 |archive-date=29 April 2020 |archive-url=https://web.archive.org/web/20200429230548/https://www.inter.ikea.com/en/about-us/business-in-brief/index.html |url-status=dead |access-date=2 January 2020}}{{Cite news |archive-url=https://web.archive.org/web/20130329025121/http://www.svt.se/ug/ingvar-kamprad-gommer-ikea-miljarder-i-skatteparadis |archive-date=29 March 2013

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.{{Cite web |archive-url=https://web.archive.org/web/20121009000003/http://www.svt.se/content/1/c8/02/30/50/85/Stadgar_Interogo.pdf |archive-date=9 October 2012}}

The IKEA founder Ingvar Kamprad and his family used to control Interogo Foundation until 2013.{{Cite news |archive-url=https://web.archive.org/web/20140222225128/http://www.svt.se/ug/ingvar-kamprad-bekraftar-stiftelsen-i-mejl-till-tt |archive-date=22 February 2014

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

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.{{Cite news |access-date=2 January 2020}}{{Cite news |access-date=3 January 2020}}{{Cite web |access-date=3 January 2020}}

References

"New owner of Inter IKEA Group".

Info: Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

foundations-based-in-liechtenstein organizations-established-in-1989 1989-establishments-in-liechtenstein ikea organisations-based-in-vaduz

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