Bunnpris

Infobox Company
company_name = I. K. Lykke AS
company_
company_type = Private
foundation = 1830
location = Trondheim, Norway
key_people = Trond Lykke (CEO)
area_served = Norway
industry = Retail
products =
revenue = profit NOK 3.2 billion (2006)
operating_income =
net_income =
num_employees =
parent =
subsid =
homepage = [http://www.bunnpris.no www.bunnpris.no ]
footnotes =

Bunnpris is a Norwegian retail chain with 162 grocery stores in Norway, primarily in Sør-Trøndelag, Møre og Romsdal and Oslo, but also many in Northern Norway. The stores are managed by I. K. Lykke run by the fifth generation Lykke. The wholesaler for the group is Norgesgruppen.

History

It all started in 1830 when Trond Lykke started exporting millstones by ship to Southern Norway and Eastern Norway. Because he usually was paid in agricultural products, Lykke started a fat store in Trondheim, and from the 1860s it was exported to England. The third generation was Ivar Lykke, who was Prime Minister of Norway 1926 to 1928.

In 1981 Trond Lykke, fifth generation, started the low-price store Bunnpris at Øya in Trondheim. Since then the company has expanded throughout the country. In 2006 a number of unsatisfied ICA franchisees have switched to Bunnpris, escalating the growth of the chain. [cite web |url=http://www.bunnpris.no/bunnpris_buran.html |title=Bunnpris på fremmarsj |author=Adresseavisen |language=Norwegian |accessdate=2007-01-28]

References