IKEA and for-profit corporations. The corporate structure is divided into two main parts: operations and franchising. The ownership of Inter IKEA Systems is exceedingly complicated and not publicly known. Inter IKEA Systems is owned by Inter IKEA Holding, a company registered in Luxembourg. The Inter IKEA Holding, in turn, is owned by the Interogo Foundation, based in Liechtenstein. In 2016, the INGKA Holding sold its design, manufacturing and logistics subsidiaries to the Inter IKEA Holding. In June 2013, Ingvar Kamprad resigned from the board of Inter IKEA Holding SA and his youngest son Mathias Kamprad replaced Per Ludvigsson as the chairman
Essential Products valued as a unicorn. On May 25, 2018, the company cancelled its next flagship and was reported to be for sale. In December 2018, Essential acquired CloudMagic, owner of the discontinued mobile email app Newton. An Android smartphone. The Essential Home is a smart speaker and smart home hub running an Essential-designed operating system, named Ambient OS. The device was planned for a launch in late 2017 but has yet to release. Essential Products Essential Products (marketed as Essential) is an American technology company and manufacturer founded on November 9, 2015 by Andy Rubin and based in Palo Alto. The