Reitan Group
Encyclopedia
Reitan Group or Reitangruppen is a Norwegian
wholesaler and retail
franchise
r. Included in its portfolio is REMA 1000
, 7-Eleven
, HydroTexaco
, Easy24, Narvesen
, Spaceworld and Pressbyrån
. The company has most of its 1,979 stores in Norway, but also some in Sweden
, Denmark
and Latvia
. The company also has a large real estate
portfolio with 813,000 square meters of real estate, especially in Trondheim
, in addition to owning half of Nordenfjeldske Dampskibsselskab. Reitan Group is owned by the Reitan Family and led by Odd Reitan and has its headquarters at Lade Gaard at Lade
in Trondheim
.
in 1972, and by 1979 he had six stores in Trondheim
. The same year he and his father took a study trip in Europe
and decided to launch the low-price franchise concept REMA 1000. In 2001 Reitan Group merged with Narvesen ASA to form ReitanNarvesen and was for a short period listed on the Oslo Stock Exchange
, but the Reitan Family soon bought back all the shares. In 2006 the group also bought the HydroTexaco fuel stations in Norway and Denmark from Norsk Hydro
and Chevron
. In 2008 the group bought 50 Lidl
discount stores in Norway for NOK 1.9 billion.
Norway
Norway , officially the Kingdom of Norway, is a Nordic unitary constitutional monarchy whose territory comprises the western portion of the Scandinavian Peninsula, Jan Mayen, and the Arctic archipelago of Svalbard and Bouvet Island. Norway has a total area of and a population of about 4.9 million...
wholesaler and retail
Retail
Retail consists of the sale of physical goods or merchandise from a fixed location, such as a department store, boutique or kiosk, or by mail, in small or individual lots for direct consumption by the purchaser. Retailing may include subordinated services, such as delivery. Purchasers may be...
franchise
Franchising
Franchising is the practice of using another firm's successful business model. The word 'franchise' is of anglo-French derivation - from franc- meaning free, and is used both as a noun and as a verb....
r. Included in its portfolio is REMA 1000
REMA 1000
REMA 1000 is a multinational no-frills supermarket chain owned entirely by the Reitan Group . REMA is a short for REitan MAt , referring to Odd Reitan...
, 7-Eleven
7-Eleven
7-Eleven is part of an international chain of convenience stores, operating under Seven-Eleven Japan Co. Ltd, which in turn is owned by Seven & I Holdings Co...
, HydroTexaco
HydroTexaco
YX Energi, formerly known as Hydro Texaco, is a Norwegian and Danish gas station chain formed after the merge of the Hydro and Texaco gas station chains in 1995. In 2006 the company was bought by Reitangruppen and incorporated into their chain including the implementation of 7-Eleven brand on the...
, Easy24, Narvesen
Narvesen
Narvesen is a Norwegian chain of convenience stores/news agents, and is one of Norway's largest convenience store chains with 440 stores. Narvesen was established in 1894 by Bertrand Narvesen. Narvesen stores also exists in Latvia ....
, Spaceworld and Pressbyrån
Pressbyrån
Pressbyrån is a chain of convenience stores in Sweden that sells magazines and newspapers, convenience foods such as chilled drinks, potato chips, candy bars, ice cream, and hot dogs, and tobacco products...
. The company has most of its 1,979 stores in Norway, but also some in Sweden
Sweden
Sweden , officially the Kingdom of Sweden , is a Nordic country on the Scandinavian Peninsula in Northern Europe. Sweden borders with Norway and Finland and is connected to Denmark by a bridge-tunnel across the Öresund....
, Denmark
Denmark
Denmark is a Scandinavian country in Northern Europe. The countries of Denmark and Greenland, as well as the Faroe Islands, constitute the Kingdom of Denmark . It is the southernmost of the Nordic countries, southwest of Sweden and south of Norway, and bordered to the south by Germany. Denmark...
and Latvia
Latvia
Latvia , officially the Republic of Latvia , is a country in the Baltic region of Northern Europe. It is bordered to the north by Estonia , to the south by Lithuania , to the east by the Russian Federation , to the southeast by Belarus and shares maritime borders to the west with Sweden...
. The company also has a large real estate
Real estate
In general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...
portfolio with 813,000 square meters of real estate, especially in Trondheim
Trondheim
Trondheim , historically, Nidaros and Trondhjem, is a city and municipality in Sør-Trøndelag county, Norway. With a population of 173,486, it is the third most populous municipality and city in the country, although the fourth largest metropolitan area. It is the administrative centre of...
, in addition to owning half of Nordenfjeldske Dampskibsselskab. Reitan Group is owned by the Reitan Family and led by Odd Reitan and has its headquarters at Lade Gaard at Lade
Lade, Trondheim
Lade is a community in Trondheim, Norway. It is located on a peninsula north-east of the city centre, north of the community of Lademoen. It was the site of the historic Lade farm.-History:...
in Trondheim
Trondheim
Trondheim , historically, Nidaros and Trondhjem, is a city and municipality in Sør-Trøndelag county, Norway. With a population of 173,486, it is the third most populous municipality and city in the country, although the fourth largest metropolitan area. It is the administrative centre of...
.
History
The group started when Odd Reitan took over his father's grocery storeGrocery store
A grocery store is a store that retails food. A grocer, the owner of a grocery store, stocks different kinds of foods from assorted places and cultures, and sells these "groceries" to customers. Large grocery stores that stock products other than food, such as clothing or household items, are...
in 1972, and by 1979 he had six stores in Trondheim
Trondheim
Trondheim , historically, Nidaros and Trondhjem, is a city and municipality in Sør-Trøndelag county, Norway. With a population of 173,486, it is the third most populous municipality and city in the country, although the fourth largest metropolitan area. It is the administrative centre of...
. The same year he and his father took a study trip in Europe
Europe
Europe is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally 'divided' from Asia to its east by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways connecting...
and decided to launch the low-price franchise concept REMA 1000. In 2001 Reitan Group merged with Narvesen ASA to form ReitanNarvesen and was for a short period listed on the Oslo Stock Exchange
Oslo Stock Exchange
The Oslo Stock Exchange serves as the main market for trading in the shares of Norwegian companies. It opens at 9:00am and closes 5:30pm local time...
, but the Reitan Family soon bought back all the shares. In 2006 the group also bought the HydroTexaco fuel stations in Norway and Denmark from Norsk Hydro
Norsk Hydro
Norsk Hydro ASA is a Norwegian aluminium and renewable energy company, headquartered in Oslo. Hydro is the fourth largest integrated aluminium company worldwide. It has operations in some 40 countries around the world and is active on all continents. The Norwegian state holds a 43.8 percent...
and Chevron
Chevron Corporation
Chevron Corporation is an American multinational energy corporation headquartered in San Ramon, California, United States and active in more than 180 countries. It is engaged in every aspect of the oil, gas, and geothermal energy industries, including exploration and production; refining,...
. In 2008 the group bought 50 Lidl
Lidl
Lidl is a discount supermarket chain based in Germany that operates over 7,200 stores across Europe. The company's full name is Lidl Stiftung & Co. KG...
discount stores in Norway for NOK 1.9 billion.