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Bónus
Bónus () is an Icelandic no-frills supermarket chain owned by Hagar. Bónus operates 31 stores in Iceland and seven in the Faroe Islands. It follows the no-frills format of limited hours, simple shelves and having a giant fridge instead of chiller cabinets. History Bónus was started by Jón Ásgeir Jóhannesson and his father, Jóhannes Jónsson, with the first store in Skútuvogur street in Reykjavík in April, 1989. Within just a few years, the chain became the biggest supermarket chain in Iceland. In 1992, another Icelandic supermarket, Hagkaup, bought a 50% stake, and in 1993, Hagkaup and Bónus established a joint purchasing company named Baugur. In 1994, the company made its first investment in Faroe Islands. ''Bónus'' and ''Hagkaup'' are now both owned by ''Baugur Groups subdivision Hagar Hagar, of uncertain origin; ar, هَاجَر, Hājar; grc, Ἁγάρ, Hagár; la, Agar is a biblical woman. According to the Book of Genesis, she was an Egyptian slave, ...
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Jón Ásgeir Jóhannesson
Jón Ásgeir Jóhannesson (born 27 January 1968, in Reykjavík) is an Icelandic convicted criminal and former CEO of Baugur Group. Early career Jón Ásgeir's parents were Jóhannes Jónsson (1940-2013) and Ása Karen Ásgeirsdóttir (1942-), who both worked at the Sláturfélag Suðurlands in Reykjavík. Jón Ásgeir was later to marry Ingibjörg Stefanía (1961-), the daughter of Pálmi Jónsson. Jón Ásgeir has three children with his former wife Linda Margrét Stefánsdóttir: Ása Karen, Anton Felix and Stefán Franz Jónsson (and Ingibjörg has three children: Sigurður Pálmi, Júlíana Sól and Melkorka Katrín). Jón Ásgeir given the following thumbnail portrait by Ármann Þorvaldsson: :: The man who was to become the face of the Icelandic business community abroad was Jon Asgeir Johannesson ... With his rugged good looks, he would soon be portrayed in the foreign press as the seductive playboy from the north with glacier eyes ... He was already wearing his tradem ...
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Jóhannes Jónsson
Jóhannes Jónsson (31 August 1940 – 27 July 2013) was an Icelandic businessman and one of the founders of the investment company Baugur Group, which applied for bankruptcy protection in February 2009. His warm public personality and co-founding of the supermarket chain Bónus led him to be known as Jói í Bónus. Early life Jóhannes's parents were Jón Elías Eyjólfsson, a store manager at the Sláturfélag Suðurlands in Reykjavík (1916-2001) and Kristín Fanney Jóhannesdóttir, a housewife and also an employee of the Sláturfélags Suðurlands (1918-2012). Jóhannes had a sister, Ester (1947-), who married Einar Vilhjálmsson (1947-). Jóhannes married Ása Karen Ásgeirsdóttir (1942-), who also worked at the Sláturfélag. They had two children: Kristín (1963-) and Jón Ásgeir (1968-). Subsequently he married Guðrún Þórsdóttir (1961-). Jóhannes began working at a young age for his father in the food section of the Sláturfélag Suðurlands, later becoming the ...
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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. As of October 2016, the company operated 57 stores, including the Hagkaup and Bónus chains, and had approximately 2,200 employees. Hagar hf is listed on the Iceland Stock Exchange as HAGA. Operations * 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 Karen Millen is a British online women's clothing retailer specialising in tailoring, coats and evening wear. Formerly a high street chain with stores throughout the United Kingdom, United States, Indonesia, Austria, Denmark, Russ ...
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Hagkaup
Hagkaup () is an Icelandic hypermarket chain owned by retail company Hagar. Its concept is wide selection of food and non-food products including clothing, electronics, entertainment, seasonal goods and toys. History Founded in 1959 by Pálmi (1923–91) in an old barn as a mail-order company, it found success as a cheaper choice than most other retailers in Reykjavík. The company soon expanded and opened up its first store in the barn. In 1967 Hagkaup opened the first supermarket in Iceland in an old warehouse in Skeifan, Reykjavík, which continues to enjoy great popularity among its customers to this day. The Hagkaup head office is located in Holtagarðar, Reykjavík. In 1998 the children of Pálmi Jónsson—Sigurður Gísli, Jón, Ingibjörg and Lilja—sold the company and their 50% stake in Bónus, Hagkaup's main rival in the food retail sector, to a group of investors led by Bónus's founders.Armann Thorvaldsson, ''Frozen Assets: How I Lived Iceland's Boom and Bust'' ...
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Baugur Group
Baugur Group (; Icelandic: ) was an Icelandic investment company. The group began as a supermarket and general retail company in Iceland, before diversifying to own a number of businesses at its peak, primarily in the United Kingdom. Baugur was heavily affected by the Icelandic financial crisis that began in 2008, and applied for bankruptcy protection in February 2009. Its largest creditor Landsbanki applied to place Baugur's UK arm, BG Holdings, into administration that month. The group filed for bankruptcy in March 2009. History In 1989, the Baugur Group was started by the opening of a single 'Bónus' supermarket in Reykjavík by Jón Ásgeir Jóhannesson and his father, Jóhannes Jónsson. The company grew quickly and within three years was operating several supermarkets in Iceland. In 1992, Hagkaup, the leading domestic retailer, acquired 50% of shares in Bonus. In 1993, they merged and formed a joint purchasing company named Baugur. Hagkaup was established over 50 year ...
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Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ...
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Kjarninn
''Kjarninn'' (which means ''the core'' in Icelandic) is an Icelandic online newspaper founded in August 2013. Previously ''Kjarninn'' was a weekly digital news magazine served via Apple App Store aimed at tablet computer users but PDFs were also available at the website. Since September 2014 ''Kjarninn has been an online-only newspaper. The founders of ''Kjarninn'' originally worked at 365's free newspaper '' Fréttablaðið'', which maintained a virtual monopoly on the market (69% in 2004). In February 2013, Magnús Halldórsson, now a journalist at ''Kjarninn'', criticised businessman and former owner Jón Ásgeir Jóhannesson, whose wife Ingibjörg Pálmadóttir is the owner of 365, for trying to influence the editorial independence of ''Fréttablaðið'' in his favour. Shortly after this, Magnús and Þórður left 365 and founded ''Kjarninn''. Since its first publication in August 2013, Kjarninn has made headlines in Iceland for publishing leaked material connected to the ...
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1989 Establishments In Iceland
File:1989 Events Collage.png, From left, clockwise: The Cypress Street Viaduct, Cypress structure collapses as a result of the 1989 Loma Prieta earthquake, killing motorists below; The proposal document for the World Wide Web is submitted; The Exxon Valdez oil tanker runs aground in Prince William Sound, Alaska, causing a large Exxon Valdez oil spill, oil spill; The Fall of the Berlin Wall begins the downfall of Communism in Eastern Europe, and heralds German reunification; The United States United States invasion of Panama, invades Panama to depose Manuel Noriega; The Singing Revolution led to the independence of the Baltic states of Estonia, Latvia, and Lithuania from the Soviet Union; The stands of Hillsborough Stadium in Sheffield, Yorkshire, where the Hillsborough disaster occurred; 1989 Tiananmen Square protests and massacre, Students demonstrate in Tiananmen Square, Beijing; many are killed by forces of the Chinese Communist Party., 300x300px, thumb rect 0 0 200 200 1989 Loma ...
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