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 17 countries in Europe, Southeast Asia and North America.[2] Ikano performs business within the following areas:

Subsidiaries include for example Ikano Bank AB,[4] Ikano Bostad AB (Real Estate) and 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.[6]

Ikano owns the IKEA franchise rights for Malaysia, Philippines, Singapore and Thailand, and operates IKEA stores in these markets.[7]

History

In 2015, Lars Thorsén succeeded Arja Taaveniku as CEO of Ikano Group.[8]

References

  1. "Ikano Group". www.ikanogroup.com. Archived from the original on 2016-02-05. Retrieved 2016-02-01.
  2. "What we do". Ikano Group. Retrieved 2021-04-09.
  3. "Businesses". Ikano Group. Retrieved 2021-04-09.
  4. "Om Ikano Bank". Archived from the original on 2016-02-06. Retrieved 2016-02-01.
  5. "Press release | Ikano Group" (PDF). Archived from the original (PDF) on 2016-02-05. Retrieved 2016-02-01.
  6. "Facts & Figures 2014 | Ikano Group" (PDF). Archived from the original (PDF) on 2016-02-05. Retrieved 2016-02-01.
  7. "Businesses". Ikano Group. Retrieved 2021-04-09.
  8. "Press release | Ikano Group" (PDF). Archived from the original (PDF) on 2016-02-05. Retrieved 2016-02-01.
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