Swedish furniture retailer

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Possible Answers: IKEA.

Last seen on: –Universal Crossword – Aug 11 2022 s

Random information on the term “IKEA”:

The Stichting INGKA Foundation is a Dutch foundation founded in 1982 by Ingvar Kamprad, a Swedish billionaire and founder of IKEA, and his corporate attorney Linnea Walsh. INGKA is one of the largest charitable foundations in the world and used to be one of the largest nonprofit organizations in the world. The name “INGKA” comes from a contraction of his name, while stichting is the Dutch language word for foundation. The stated purpose of the foundation is To promote and support innovation in the field of architectural and interior design; however, the organization has recently expanded its philanthropic agenda to target children in the developing world.

The foundation owns the private Dutch company INGKA Holding, based in Leiden, which is the holding company that controls 315 of the 360 outlets of IKEA. INGKA does not own the IKEA franchise and trademark; these are owned by Inter IKEA Systems B.V. in Delft, also in the Netherlands, which 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 (to the value of $15 billion).

IKEA on Wikipedia