![]() | This article needs to be updated.(October 2016) |
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Company type | Unlisted public Aktiebolag |
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Genre | Retailing, banking |
Founded | 1938 |
Headquarters | , |
Area served | Sweden, Latvia, Lithuania and Estonia |
Key people | Nina Jönsson (CEO)[1] |
Revenue | SEK 157 billion €13.7 billion (2024)[2] |
Number of employees | 24,000[2] |
Subsidiaries | ICA Sverige AB Rimi Baltic ICA Banken Apotek Hjärtat AB ICA Fastigheter AB |
Website | www |
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.[3] Most of its operations are based in Sweden and the Baltic countries.[2]
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 February 2013, Ahold sold its shares to Hakon Invest for $3.1bn.[4] In May 2013, the company changed name from Hakon Invest AB to ICA Gruppen AB.[3][5]
In November 2021, ICA-handlarnas Förbund together with AMF Pensionsförsäkring AB announced a public offer to acquire all shares of ICA Gruppen.[6] In December 2021, they held more than 90 % of all shares and the company was delisted from the Nasdaq Stockholm stock exchange on 13 January 2022.[7][8]