Ingka Group
Ingka Group is a global organization that operates IKEA, the world-renowned furniture retailer. It is the largest franchisee of IKEA and is responsible for managing IKEA stores, shopping centers, and investments.
History: Founded by Ingvar Kamprad in 1943 in Småland, southern Sweden, Ingka Group has grown from its Swedish roots to become a global entity. The company's name is derived from Kamprad's name.
Business Areas: Ingka Group consists of three main business areas:
IKEA Retail: This is the core business, comprising 400 IKEA stores and city stores across 31 countries. Each year, these stores welcome 657 million visitors and have over 3.8 billion visits to .
Ingka Centres: This division develops shopping centers anchored by IKEA stores. There are 35 such centers across Europe and China, with more in development.
Ingka Investments: This area focuses on responsible investments that align with IKEA's values, including investments in renewable energy and recycling infrastructure.
Sustainability: Ingka Group is committed to sustainability and reducing its climate footprint. The company aims to become more convenient, affordable, and sustainable for its customers. Ingka Group has set ambitious goals to reduce its climate footprint and increase recycling infrastructure.
People & Culture: Ingka Group values simplicity, cost consciousness, entrepreneurship, and togetherness. The company emphasizes a culture of humbleness and aims to lead by example to contribute to a better tomorrow for its customers, business, and employees.
Recent Developments:
Ingka Group has announced plans to invest EUR 1 billion to increase recycling infrastructure.
The company has deployed over 400 exoskeletons across 14 countries to boost workplace health.
Ingka Group has recorded EUR 41.8 billion in revenue and prioritizes affordability and long-term business resilience.
Headquarters: Ingka Group is headquartered in Leiden, Netherlands, and is fully owned by the Stichting INGKA Foundation.
Key People:
CEO: Jesper Brodin
Website: www.ingka.com
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