The governance of Inter IKEA Group and Interogo Holding is ultimately guided by the purpose of Interogo Foundation.
Interogo Foundation has two subsidiaries: Inter IKEA Holding B.V. in the Netherlands, and Interogo Holding AG in Switzerland.
Interogo Foundation is the ultimate and controlling shareholder in Inter IKEA Holding B.V. and the ultimate and sole shareholder of Interogo Holding AG. Interogo Holding AG is also a co-shareholder in Inter IKEA Holding B.V. There are no other shareholders in the two companies.
In exercise of its shareholder rights, Interogo Foundation appoints the Supervisory Board and Management Board of Inter IKEA Holding B.V. and the Board of Directors of Interogo Holding AG at the shareholder meetings of each holding company.
At the shareholder meetings, Interogo Foundation also approves the annual accounts prepared by the respective boards and appoints the auditors for the companies. The governance of Inter IKEA Group and Interogo Holding AG is ultimately guided by the purpose of Interogo Foundation.
Inter IKEA Holding B.V. in the Netherlands is the holding company of Inter IKEA Group. The group consists of three core businesses:
Franchise through Inter IKEA Systems B.V. in the Netherlands.
Range through IKEA of Sweden AB in Sweden.
Supply through IKEA Supply AG in Switzerland, and IKEA Industry AB in Sweden.
The overall purpose of Inter IKEA Group is to secure continuous improvement, development, expansion and a long life of the IKEA Concept.
Interogo Holding AG is an international investment business with its parent company in Switzerland, focusing on the following investment strategies:
Private equity: Investing globally in the private equity market directly and through funds, secondaries, and co-investments.
Real estate: Investing in European real estate markets by focusing on developing and managing assets in the commercial, residential and hotel segments.
Long-term equity: Acquiring significant equity holdings in profitable and sustainable European companies. The strategy includes listed, soon-to-be listed and private companies.
Infrastructure: Acquiring holdings in infrastructure companies that are recession resilient and have stable cash-flows.
Liquid assets: Investing globally in a portfolio of listed securities, mainly equities and fixed income.
In addition, Interogo Holding group provides treasury services, including lending and borrowing, for its own subsidiaries and the Inter IKEA Group.
Interogo Holding’s purpose is to support its owner, Interogo Foundation, to safeguard the IKEA Concept, which is anchored in the IKEA vision.
Interogo Holding’s investments help create financial strength and build the reserves required to secure independence and longevity for Interogo Foundation, and to ensure the ability to invest in the IKEA Concept in bad as well as good times
Interogo Foundation does not establish consolidated accounts. However, annual reports of the two subsidiaries Inter IKEA Holding B.V. and Interogo Holding AG can be ordered online from their respective websites.
In 2016, the structure of Inter IKEA Group was changed and the business divided into three core business areas. Since then, there are two separate groups and holding companies. Inter IKEA Holding B.V. in the Netherlands is the holding company of the IKEA related business and Interogo Holding AG in Switzerland is the holding company of the investment businesses. Interogo Foundation ultimately owns both groups.
Until 2018, Interogo Foundation had a third subsidiary, Interogo Treasury AG with operations in Liechtenstein. During 2018, the functions of Interogo Treasury AG were integrated into Interogo Foundation.