Ikano Group is aprivately held international group of companies with the parent company Ikano S.A. based inLuxembourg. It was originally a part ofIKEA, which was founded byIngvar Kamprad, then became independent in 1988, and has since been owned by the Kamprad family.[1]
Ikano has operations in 15 countries inEurope,Southeast Asia andNorth America.[2] Ikano performs business within the following areas:
Subsidiaries include for exampleIkano Bank AB,[4] Ikano Bostad AB (Real Estate). Its financial services includemortgage loans,consumer loans, andloyalty cards for retailers and the residential operations consist of rental and tenant owned apartments in various locations inSweden.[5]
Ikano owns theIKEA franchise rights forMalaysia,Philippines,Singapore,Mexico andThailand, and operatesIKEA stores in these markets.[6]
In 2015, Lars Thorsén succeeded Arja Taaveniku as CEO of Ikano Group.[7]