In 2013 I attempted to make a holdings chart for the IKEA galaxy of companies, and it gets really complex very quickly. If you Google ikea corporate structure,

In 2013 I attempted to make a holdings chart for the IKEA galaxy of companies, and it gets really complex very quickly. If you Google ikea corporate structure, you’ll see a bunch of charts that look the same, but they are too simple and gloss over a lot. As I understood it, it’s all heavily based on reducing tax liability as much as possible. E.g. each ikea store is a franchisee which operates at a loss and pays royalty fees for using the IKEA brand, and of course pays out for products and other vital services to probably hundreds of other ikea-related companies. And that’s even before dipping your toes into their manufacturing world.