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ICA Gruppen information


ICA Gruppen AB (publ)
Company typePrivate Aktiebolag
Traded as
ICCGF, ICA.ST
GenreRetailing, banking
Founded1938 (1938)
Headquarters
Solna, Stockholm
,
Sweden
Area served
Sweden, Latvia, Norway, Lithuania and Estonia
Key people
Nina Jönsson (CEO), Peter Muld (Chief Information Officer)[1]
RevenueSEK136 billion
€12.8 billion (2022)[2]
Number of employees
24,000[2]
SubsidiariesICA Sverige AB
ICA Norge AS
Rimi Baltic
ICA Banken
Apotek Hjärtat AB
ICA Fastigheter AB
Websitewww.icagruppen.se/en/

ICA Gruppen AB (Swedish pronunciation: [ˈîːka]; "ICA Group"; from Inköpscentralernas aktiebolag, lit.'the Purchasing Centres' Corporation') is a Swedish retailer franchise with a focus on food and health. The group also owns a bank, real estate division and a pharmacy chain.

The company was started in 1938, based on a business model which was introduced by Hakonbolagen in 1917. Most of its operations are based in Scandinavia, and the company is the second largest retail company in the Nordic countries[citation needed].

The company was owned by the participating retailers until 2000 when half of the company was sold to the Dutch retailer Ahold. It acquired a further 10% in 2004. Ahold is prevented by contractual obligation from exercising majority control over ICA. In 2013 Ahold sold its shares to Hakon for $3.1bn.[3] In 2019, Hemtex was sold to Norwegian home textile chain Kid ASA.[4]

  1. ^ "Peter Muld Named CIO Of ICA Gruppen And ICA Sweden".
  2. ^ a b "ICA Gruppen in brief". www.icagruppen.se. Retrieved 2023-05-11.
  3. ^ "Ahold selling its stake in Sweden's ICA to Hakon for $3.1bn".
  4. ^ "ICA sells all shares in Hemtex to Kid" (in Swedish). ICA. 2019-05-14. Archived from the original on 2020-10-17.

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