For 30 years, the Ikea group and its multi-hundred-store global retail network, since separated out under the name Ingka Group, have located a growing finance office in Dublin, tasked with managing billions of euro in accumulating profits. In part 1 of this investigation yesterday, The Currency pieced together the expansion of the corporate structures based in Ireland over the period and the Ingka Group’s new strategy since 2019 to consolidate treasury and liquidity management in Dublin instead of several financial hubs around the world previously. This has led to the present-day situation where four Irish subsidiaries with 28 Dublin-based employees…

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