This is the ICA Group

Organisation

ICA is continuously developing its operations based on external demands and opportunities to be the leading retail  company with a focus on food and meals. ICA’s success is based on its ability to make every day a little easier. 

The ICA Group is one of the Northern Europe’s leading retail companies, with around 2,150 of its own and retailer-owned stores in Sweden, Norway and the Baltic countries. The Group includes ICA Sweden, ICA Norway, Rimi Baltic and Real Estate as well as ICA Bank, which offers financial services to Swedish customers. ICA AB is a joint venture 40 percent owned by Hakon Invest AB of Sweden and 60 percent by Royal Ahold N.V. of the Netherlands. According to a shareholder agreement, Royal Ahold and Hakon Invest jointly share controlling influence over ICA AB.

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Retailing is ICA´s main business

The stores are managed according to four business models:

“Independent retailers working in cooperation.” This is ICA’s core model, which dominates operations in Sweden.

Wholly owned stores integrated in chains. This model is applied in the Baltic countries and has dominated operations in Norway to date.

Combination of independent retailers/ integrated chain. Maxi ICA Hypermarket’s food departments are managed by independent retailers, while non-foods are run by ICA Sweden’s subsidiary Maxi Special.

Franchising. Nearly half of the stores in Norway are franchises. An increasing number of stores will be converted to this business model, which is closely aligned with ICA’s core model.

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