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Reitangruppen history
Reitangruppen company history timeline
The group started in 1948 when Ole Reitan opened O. Reitan Kolonial in Nonnegata in Trondheim.
The son of single-store grocers, he opened his own shop in 1972 named AS Sjokkpris, or "Chocking price."
In 1972, Ole's son Odd Reitan started his own shop.
The chain concept consisted of a standardised range of goods (in principle 1,000), a simple shop design and low prices. Based on an idea from abroad, Odd Reitan then established the retail chain REMA 1000 (REitan MAt, "Reitan food") in 1979.
In 1994, the first REMA 1000 store opens in Denmark.
In 1995, Reitan Eiendom (Reitangruppen’s real estate business) is established.
In coming years Reitangruppen takes control over Reitan Narvesen AS and in 2004 Reitan Convenience is in charge of the brands Narvesen and 7-Eleven.
In 2006, Reitangruppen buys Hydro Texaco in Norway and Denmark and establishes a focused corporate structure based on the Uno-X and YX station networks in each country.
In 2007, Reitan Convenience cooperates with Shell and the convenience part of the gas stations becomes 7-Eleven.
In 2012, Reitan Convenience buys R-Kioski with stores in Finland, Estonia and Latvia and Lietuvos Spauda in Lithuania.
In 2016, the fifth business area, Reitan Kapital is established.
In 2017, The first YX/7-Eleven opens in Norway.
In 2019, Reitan Convenience buys Caffeine Roasters with stores in Estonia, Latvia and Lithuania.
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Reitangruppen may also be known as or be related to Reitan Convenience and Reitangruppen.