ICA Gruppen
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.
| Company type | Private Aktiebolag |
|---|---|
Traded as | ICCGF, ICA.ST |
| Genre | Retailing, banking |
| Founded | 1938 |
| Headquarters | Solna, Stockholm , Sweden |
Area served | Sweden, Latvia, Norway, Lithuania and Estonia |
Key people | Nina Jönsson (CEO), Peter Muld (Chief Information Officer) |
| Revenue | SEK136 billion €12.8 billion (2022) |
Number of employees | 24,000 |
| Subsidiaries | ICA Sverige AB ICA Norge AS Rimi Baltic ICA Banken Apotek Hjärtat AB ICA Fastigheter AB |
| Website | www |
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.
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. In 2019, Hemtex was sold to Norwegian home textile chain Kid ASA.