Hagar (company) explained

Hagar hf
Type:Hlutafélag
Foundation:2003
Location:Kópavogur, Iceland
Industry:Retail
Key People:Finnur Árnason (CEO)
Kristín Friðgeirsdóttir (chairman)
Num Employees:2,200

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 a 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]

Operations

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]

Notes and References

  1. http://www.samkeppni.is/media/skyrslur-2015/Matvoruskyrsla2015.pdf Efla þarf samkeppni á dagvörumarkaði - Margir þurfa að leggja hönd á plóg
  2. Web site: Company Overview of Hagar hf. Research. Bloomberg Business. 30 December 2015.
  3. Web site: Hagar. 16 December 2011. News. Nasdaq Nordic. 30 December 2015.
  4. Web site: Umrót hjá Högum - Viðskiptablaðið.