Hagar (company)

Hagar hf

Company type| Hlutafélag

Traded as

| Nasdaq Iceland: HAGA
Industry| Retail
Founded| 2003
Headquarters| Kópavogur, Iceland

Key people

| Finnur Árnason (CEO)
Kristín Friðgeirsdóttir (chairman)

Number of employees

| 2,200
Website| www.hagar.is

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

[edit]

* Hagkaup
* Bónus
* Aðföng
* Hýsing
* Ferskar kjötvörur
* Bananar ehf.
* Olíuverzlun Íslands

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

[edit]

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. 16 December 2011. Retrieved 30 December 2015.
4. ^ "Umrót hjá Högum - Viðskiptablaðið".

## External links

[edit]

* Official website (in Icelandic)
* Official website (in English)

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