July 23, 2017 6:00 PM ET

Household Durables

Company Overview of INGKA Holding B.V.

Company Overview

INGKA Holding B.V., through its subsidiaries, designs, develops, manufactures, and sells home furnishings. The company provides furniture and accessories, as well as bathrooms and kitchen products through retail stores. The company is based in Leiden, the Netherlands. INGKA Holding B.V. operates as a subsidiary of Stichting Ingka Foundation (Netherlands).

Bargelaan 20

Leiden,  2333 CT

Netherlands

Key Executives for INGKA Holding B.V.

Chief Financial Officer and Member of Management Board
President of the Asia Pacific Retail Operations
President of the Germany Division
Vice President of Retail
Global Supply Chain Manager
Compensation as of Fiscal Year 2017.

INGKA Holding B.V. Key Developments

Ikea Group Announces Executive Changes

Ikea Group has named com pany veteran Jesper Brodin its new CEO, effective from September 1, 2017. Brodin, once an assistant to Ikea founder Ingvar Kamprad and currently managing director of Ikea of Sweden, will replace Peter Angnefjall, who has led the business since 2013. Brodin, a 22-year veteran of the Swedish home furnishings giant, will continue the company's strategy under Angnefjall of expansion into China, India and e-commerce business.

Nakhon Ratchasima Lures Big Players

News circulated on social media in Nakhon Ratchasima that three companies are seeking to buy land plots of 30-40 rai each in the province for their retail and wholesale developments. One of them bought a plot located 2 kilometres from downtown Nakhon Ratchasima to build a wholesale and retail market similar to Talad Thai in Rangsit for food and agricultural products. The land purchase negotiations for Aeon Co., Ltd. and INGKA Holding B.V. have yet to be finalised.

IKEA Group Reports Sales Results for the Fiscal Year of 2016

IKEA Group reported sales results for the fiscal year of 2016. For the period, the company's total sales amounted to $37.6 billion (EUR 34.2 billion). Total sales translated into Euro increased by 7.1%. Adjusted for currency impact, total sales increased by 7.9%. Sales in comparable stores grew by 4.8%.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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