ICA Gruppen AB (publ) is a leading Swedish retail and service group based in Solna, Sweden. Established in 1938 as a cooperative purchasing association for independent grocers, the company has evolved into one of the country’s largest grocery retailers. Its core retail business operates under the ICA brand, offering a range of store formats—from convenience outlets and neighbourhood stores to large-scale hypermarkets—designed to serve both urban and rural communities.
Beyond food retailing, ICA Gruppen’s operations encompass several complementary businesses. Apotek Hjärtat, the group’s pharmacy division, provides prescription medicines, over-the-counter products and health services across Sweden. In the banking and financial services segment, ICA Banken offers consumer loans, savings accounts and payment solutions tailored to retail customers. The group also holds a substantial real estate portfolio comprising grocery store premises and shopping centres, managed through its ICA Real Estate unit.
ICA Gruppen extends its retail footprint to the Baltic region through its Rimi Baltic subsidiary, where it operates grocery stores in Estonia, Latvia and Lithuania. This regional presence enables the group to leverage procurement synergies and shared technology platforms across multiple markets. The company’s strategy emphasizes digital innovation, sustainability and local sourcing, aiming to strengthen customer loyalty and reduce its environmental impact.
Headquartered in the Stockholm area, ICA Gruppen is publicly listed and governed by a board of directors representing both independent retailers and external shareholders. Over the decades, the group has maintained its cooperative heritage by supporting a network of independent store owners while investing in services that enhance the customer experience and drive long-term growth.
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