Hagar (company)

Hagar hf. is an Icelandic holding company based in Kópavogur that owns a number of retail and wholesale companies in Iceland, Sweden, and Denmark. Each of Hagar's companies are run individually. As of 2014, Hagar's subsidiaries had an combined 48% market share in the Icelandic food retail market.[1] As of October 2016, the company operated 57 stores, including the Hagkaup and Bónus chains, and had approximately 2,200 employees.[2] Hagar hf is listed on the Iceland Stock Exchange as HAGA.[3]

Hagar hf
TypeHlutafélag
Nasdaq Iceland: HAGA
IndustryRetail
Founded2003
HeadquartersKópavogur, Iceland
Key people
Finnur Árnason
(CEO)
Kristín Friðgeirsdóttir
(Chairman)
Number of employees
2,200
Websitewww.hagar.is

Operations
  • Hagkaup
  • Bónus
  • Aðföng
  • Útilíf
  • Hýsing
  • Ferskar kjötvörur
  • Bananar ehf.

Hagar also used to operate stores in Iceland under franchise agreements for Debenhams, Topshop, Zara, Warehouse, Evans, Dorothy Perkins and Karen Millen. As of the beginning of 2018, Zara is the only remaining franchise still in operation.[4]

References
  1. Efla þarf samkeppni á dagvörumarkaði - Margir þurfa að leggja hönd á plóg (PDF) "Icelandic competition authority" (in Icelandic) 10 march 2015, p. 27
  2. "Company Overview of Hagar hf". Research. Bloomberg Business. Retrieved 30 December 2015.
  3. "Hagar". News. Nasdaq Nordic. December 16, 2011. Retrieved 30 December 2015.
  4. http://www.vb.is/frettir/umrot-hja-hogum/141148/


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