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Sweden

June 5, 2013

The founder of Ikea, Ingvar Kamprad, has stepped down from the board of Inter Ikea Holding, the holding company of the iconic Swedish flatpack furniture chain.

The founder of Ikea, Ingvar Kamprad, has stepped down from the board of Inter Ikea Holding, the holding company of the iconic Swedish flatpack furniture chain. The chairman of the board, Per Ludvigsson, has also stepped down, aged 70, to be replaced by Kamprad’s son Mathias.

In a statement issued by Ikea, the changes in the board are described as a generational shift that has been prepared for over several years.

Kamprad, who turned 87 in March, said in a statement his retirement from the board did not mean he would stop working.

September 20, 2011

One can’t help but be fascinated by IKEA. Whether due to a sense of bewilderment that so many millions of people are willing to subject themselves to the bizarre torture of the IKEA shopping process. Or the mystery surrounding the popularity of their restaurant meatballs, which even have their own Facebook page.

One can’t help but be fascinated by IKEA.

Whether due to a sense of bewilderment that so many millions of people are willing to subject themselves to the bizarre torture of the IKEA shopping process. Or the mystery surrounding the popularity of their restaurant meatballs, which even have their own Facebook page.

May 31, 2011

Although Sweden only has a population of just over nine million, its economy has given rise to some world famous family business dynasties. CampdenFB takes a look at some of the leading Swedish family businesses in an interactive graphic.

Although Sweden only has a population of just over nine million, its economy has given rise to some world famous family business dynasties. CampdenFB takes a look at some of the leading Swedish family businesses in an interactive graphic below.

January 14, 2011

Ikea, the Swedish retailing giant owned by the Kamprad family, announced on 14 January that its net profit for 2010 had increased by 6.1% year-on-year, but said it plans to expand cautiously in 2011.

Ikea, the Swedish retailing giant owned by the Kamprad family, announced on 14 January that its net profit for 2010 had increased by 6.1% year-on-year, but said it plans to expand cautiously in 2011.

August 26, 2010

Sweden’s most famous family dynasty, the Wallenburgs, could be big beneficiaries from its investment in ISS, one of the world’s largest facility service providers, after the privately-owned company announced it was considering an initial public offering.

Sweden's most famous family dynasty, the Wallenburgs, could be big beneficiaries from its investment in ISS, one of the world's largest facility service providers, after the privately-owned company announced it was considering an initial public offering.

The Wallenburg family owns 55% of ISS, a stake it acquired in May 2005, through its private equity vehicle EQT.

March 31, 2008

A family-owned company has become the joint global leader in the wine and spirits industry.

A family-owned company has become the joint global leader in the wine and spirits industry. Through its €5.6 billion acquisition of Absolut vodka owner Vin & Spirit, Pernod Ricard, which is owned by the Ricard family, joined Diageo at the top of the drinks industry.

Absolut is the number one premium vodka in the world and the top selling premium spirits brand in the US. It is seen as a “unique asset” to Pernod Ricard’s drinks portfolio, which includes Glenlivet, Malibu and Jacob’s Creek wine.

March 3, 2008

Volkswagen has increased its stake in truck manufacturer Scania to 68.6% after buying the shares from a powerful Swedish family.

Volkswagen has increased its stake in truck manufacturer Scania to 68.6% after buying the shares from a powerful Swedish family. The Wallenbergs, who held a 30% stake through industrial holding firm Investor AB and the Wallenberg Foundation, sold their shares to the German carmaker for €21 per share.

January 1, 2008

When a business is passed from one generation to another, the newcomers are faced with immense pressures and responsibilities. Gordon Cairns meets two next generation members from contrasting cultures who have taken different routes to the top

When a business is passed from one generation to another, the newcomers are faced with immense pressures and responsibilities. Gordon Cairns meets two next generation members from contrasting cultures who have taken different routes to the top

For the next generation, taking over the family business does not only bring financial rewards and a boost to one's self esteem, it also brings the responsibility of securing the company that has been nurtured by generations of your family and, more importantly, taking this business forward in the modern world.

July 1, 2005

As a head honcho of a leading Swedish business newspaper, Hans-Jacob Bonnier has years of experience at the helm of a successful family business. This stands him in good stead as chairman of the Family Business Network, writes Scott McCulloch

Scott Mcculloch is editor of Families in Business

As a head honcho of a leading Swedish business newspaper, Hans-Jacob Bonnier has years of experience at the helm of a successful family business. This stands him in good stead as chairman of the Family Business Network, writes Scott McCulloch

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