[adolph]

While "ownership" is often interpreted in terms of value-flows and control, the model of Ikea's corporate structure indicates that actually modeling value-flows and control would be more helpful than using "ownership" as a proxy.

IKEA’s organizational structure might sound a bit confusing at first, but I looked into it to see how its business model works so that you could gain clarity on that.

Put it shortly, IKEA as a brand comprises two separate owners. INGKA Holding B.V. owns the IKEA Group, the holding the group.

At the same time that is held by the Stichting INGKA Foundation, which is the owner of the whole Group. IKEA Group is not the owner of the brand, which is managed by Inter IKEA Systems B.V., part of Inter IKEA B.V. that is the real owner of the IKEA Concept.

Thus, IKEA Group is a franchisee that pays 3% of royalties to Inter IKEA Systems.

https://fourweekmba.com/who-owns-ikea/