Bónus

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Bónus^[1] is an Icelandic no-frills supermarket chain of Hagar. Bónus operates 24 stores in Iceland and four in the Faroe Islands. It follows the no-frills format of limited hours, simple shelves and having a giant fridge instead of chiller cabinets.

Contents 1 History 2 External links 3 References 4 Note

[edit] 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. In 1998 the chains merged^[1], but keeping their separate identities, to form Baugur Group. Bónus and Hagkaup are now both owned by Baugur Group's subdivision Hagar.

[edit] External links

• Bónus (Iceland) website (in Icelandic)
• Bónus (Faroe Islands) website (in Faroese)

[edit] References

1. ^ http://www.baugurgroup.com - Baugur Group website (In english)

[edit] Note

1. ^ Bónus is always written with an accent on the “o”.