IKEA
IKEA is a franchise system: Inter IKEA owns the brand and supplies the range, while 13 franchisee groups, mainly Ingka, run the stores.
Both IKEA companies are owned by foundations, not people.
Inter IKEA Foundation owns the franchisor and the INGKA Foundation owns the biggest franchisee, so profit is either reinvested or goes to charitable giving.
How big is IKEA?
A franchise system, not one company.
- Sales of goods to franchisees95%€24.9B
- Franchise fees5%€1.3B
- Other income1%€0.1B
Concept owner, franchisees, stores.
- 1One brand, 13 franchisee groups
- 2Range sold wholesale to them
- 3Stores, online, small formats
The brand owner earns twice: wholesale margin on the range plus a 3% fee on franchisee sales.
- Inter IKEA Foundation (Liechtenstein)100%
- Stichting INGKA Foundation (Netherlands)100%
CEO: Jakub Jankowski
- 1943IKEA registered as a trading company
- 1948Furniture added to the range
- 1953First furniture showroom opens
- 1958First IKEA store opens in Älmhult
- 1965Kungens Kurva store opens near Stockholm
Every number on this page comes from IKEA's own reports.
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