Etos B.V., trading as Etos, was founded in 1919 by

Philips Koninklijke Philips N.V. (), commonly shortened to Philips, is a Dutch multinational conglomerate corporation that was founded in Eindhoven in 1891. Since 1997, it has been mostly headquartered in Amsterdam, though the Benelux headquarters i ...

to create a grocery and drugstore where Philips employees could benefit from lower priced products than the average stores. "Etos" is an abbreviation for the Dutch words: ''Eendracht, Toewijding, Overleg and Samenwerking'' (Unity, Devotion, Consultation and Cooperation). As of July 1, 2021, Sebastiaan de Jong will be the company's president.

History

Etos had a

bakery A bakery is an establishment that produces and sells flour-based food baked in an oven such as bread, cookies, cakes, donuts, pastries, and pies. Some retail bakeries are also categorized as cafés, serving coffee and tea to customers who ...

and even fuel pumps, in 1931 the stores went private as Etos. In 1973 Etos was bought by

Ahold Koninklijke Ahold N.V. was a Dutch multinational retail company based in Zaandam, Netherlands. It merged with Belgium-based Delhaize Group in 2016 to form Ahold Delhaize. History Growth in the Netherlands The company started in 1887, when Al ...

which reformed the grocery stores to the Albert Heijn formula. The drug stores went on as Etos. Etos has 546 stores in the Netherlands. 54% of the Etos stores operates as a

franchise Franchise may refer to: Business and law * Franchising, a business method that involves licensing of trademarks and methods of doing business to franchisees * Franchise, a privilege to operate a type of business such as a cable television p ...

. In 2008 Etos was named best drug store of the Netherlands for the first time (the first 11 years this had been drug store "DA"). In 2009, 2011, 2014, 2015 and 2017 it managed to extend this title.

References

External links

*
Official website of Etos
{{retail-stub Ahold Delhaize Retail companies of the Netherlands Retail companies established in 1918 Pharmacy brands Dutch companies established in 1918