Do you have a chart for our entertainment?

(Does the IKEA org chart have the little figures from the assembly instructions, and an Allen key?)

Might not be as complex with back and forth ownership, but for a "simplified" chart, AXA's 53 page presentation is up there: https://www-axa-com.cdn.axa-contento-118412.eu/www-axa-com/e...

FTX is worse: https://www.researchgate.net/figure/IKEAs-ownership-structur...

IKEA is notorious for having one of the most opaque company structures in the world.

Word on the street is that ikea is technically a charity.

This is a huge oversimplification but my recollection is, there is a design arm of the IKEA structure which is a non-profit. They create and own all of the designs and IP related to products, which a different IKEA subsidiary then licenses and pays royalties on, essentially negating much/all of the margin of the finished good.

it's not a charity, it's a ultimately held by a pair of Liechtenstein and Dutch foundations, with an elaborate sea of holding companies underneath: https://en.wikipedia.org/wiki/IKEA#Corporate_structure