IKEA is owned by a Dutch foundation with no shareholders and no owner, an arrangement that protects the company from any takeover, keeps its tax bill low, and for years left it running the world’s wealthiest charity and one of its least generous
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Ask who owns IKEA and the honest answer is that almost nobody does, by design. The Swedish furniture retailer, founded by Ingvar Kamprad in 1943, is not listed on any stock exchange, is not controlled by the Kamprad family in any straightforward sense, and has no shareholders who could sell it. Most of it belongs to a Dutch foundation that, in legal terms, owns itself. The rest of the structure is built around the same idea. It is one of the more deliberate pieces of corporate engineering in Eur
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