Pisiffik A/S | |
Type: | Aktieselskab |
Foundation: | 2001 |
Location City: | Nuuk |
Location Country: | Greenland |
Key People: | Per Steen Larsen (CEO) |
Area Served: | Greenland |
Industry: | Retail |
Revenue: | DKK 925 million |
Net Income: | DKK 51 million |
Num Employees: | 623 - 650 |
Subsid: | KK Engros |
Homepage: | pisiffik.gl |
Pisiffik A/S is a chain of Greenlandic stores. The company is the largest privately owned commercial company in Greenland, and is a subsidiary jointly owned by NorgesGruppen, the Norwegian grocery wholesaling group, the Danish investment company KFI, and Greenland Venture, a state-owned investment firm.
Pisiffik was first established in 1993 as KNI Pisiffik A/S,[1] a subsidiary of Greenland's KNI conglomerate. Located in Greenland's larger towns, it was an experiment in running the stores without a government subsidy, while KNI Pilersuisoq continued to operate the more distant and less profitable outposts. The present Pisiffik A/S was spun off as a separate company in 2001 when Danish company Dagrofa bought Pisiffik as part of a privatization of parts of KNI.[2] Dagrofa sold its shares to the current owners in 2015.[3] [4] In 2016, the headquarters were moved from Sisimiut to Nuuk.[5]
Pisiffik's approximately 40 stores are found in the six largest towns in Greenland: Aasiaat, Ilulissat, Maniitsoq, Nuuk, Qaqortoq, and Sisimiut.[6]
Pisiffik operates the following brands:
Pisiffik also owns wholesaler KK Engros.[7]