Ikano

Ikano Group is a privately held international group of companies with the parent company Ikano S.A. based in Luxembourg. It was originally a part of IKEA, which was founded by Ingvar Kamprad, then became independent in 1988, and has since been owned by the Kamprad family.[1]

Operations

Ikano has operations in 14 countries in Europe, Southeast Asia and Mexico, divided into five business areas and a group services office:[2]

  • Finance (Austria, Denmark, Finland, Germany, Norway, Poland, Russia, Sweden, UK)
  • Real Estate (Sweden, Denmark (Ikano Bolig))
  • Insurance (Sweden, Switzerland)
  • Retail (Malaysia, Philippines, Singapore, Thailand, Mexico)
  • Production (Poland)
  • Group Services (Luxembourg)

Subsidiaries include Ikano Bank AB,[3] Ikano Bostad AB (Residential) and Ikano Försäkring AB[4] (Insurance) in Sweden, as well as Ikano LLC in Russia, jointly owned with Credit Europe Bank.[5] Its financial services include mortgage loans, consumer loans, and loyalty cards for retailers and the residential operations consist of rental and tenant owned apartments in various locations in Sweden.[2]

Ikano owns the IKEA franchise rights for Malaysia, Philippines, Singapore and Thailand, and operates IKEA stores in these markets.[2]

History

In 2015, Lars Thorsén succeeded Arja Taaveniku as CEO of Ikano Group.[6]

References
  1. "Ikano Group". www.ikanogroup.com. Archived from the original on 2016-02-05. Retrieved 2016-02-01.
  2. "Facts & Figures 2014 | Ikano Group" (PDF). Archived from the original (PDF) on 2016-02-05. Retrieved 2016-02-01.
  3. "Om Ikano Bank". Archived from the original on 2016-02-06. Retrieved 2016-02-01.
  4. "Våra ägare och ledning | Ikano Försäkring". www.ikanoforsakring.se. Retrieved 2016-02-01.
  5. "Press release | Ikano Group" (PDF). Archived from the original (PDF) on 2016-02-05. Retrieved 2016-02-01.
  6. "Press release | Ikano Group" (PDF). Archived from the original (PDF) on 2016-02-05. Retrieved 2016-02-01.
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