Reitan AS, formerly known as Reitangruppen (Reitan Group), is a Norwegian conglomerate comprising three business areas: Reitan Retail, Reitan Eiendom (Reitan Real Estate) and Reitan Kapital. Reitan's head office is at Lade Gaard in

Trondheim Trondheim ( , , ; ), historically Kaupangen, Nidaros, and Trondhjem (), is a city and municipality in Trøndelag county, Norway. As of 2022, it had a population of 212,660. Trondheim is the third most populous municipality in Norway, and is ...

, Reitan's cultural and financial center. Reitan Retail and Reitan Kapital has its operational center in

Oslo Oslo ( or ; ) is the capital and most populous city of Norway. It constitutes both a county and a municipality. The municipality of Oslo had a population of in 2022, while the city's greater urban area had a population of 1,064,235 in 2022 ...

, while Reitan Eiendom is based in Trondheim. Reitan had a turnover in 2018 (including franchise sales) of 95 billion NOK, and employs 38,000 people in

Scandinavia Scandinavia is a subregion#Europe, subregion of northern Europe, with strong historical, cultural, and linguistic ties between its constituent peoples. ''Scandinavia'' most commonly refers to Denmark, Norway, and Sweden. It can sometimes also ...

and the

Baltic Baltic may refer to: Peoples and languages *Baltic languages, a subfamily of Indo-European languages, including Lithuanian, Latvian and extinct Old Prussian *Balts (or Baltic peoples), ethnic groups speaking the Baltic languages and/or originatin ...

region. Reitan's mission is to manage strong and independent business areas in retailing and real estate.

History

The company started in 1948 when Ole Reitan opened the O. Reitan Kolonial store in Nonnegata in Trondheim. In 1972, Ole's son Odd Reitan started his own shop. He had returned from his education at the Retailing institute (Kjøpmannsinstituttet, now BI Retail) in

Bærum Bærum () is a list of municipalities of Norway, municipality in the Greater Oslo Region in Akershus County, Norway. It forms an affluent suburb of Oslo on the west coast of the city. Bærum is Norway's fifth largest municipality with a populatio ...

outside Oslo, and started the shop Sjokkpris ("shock price") in St. Olav's street in Trondheim. Father and son ran the business together as partners, and more shops were opened during the 70s. Based on an idea from abroad, Odd Reitan then established the retail chain REMA 1000 (REitan MAt, "Reitan food") in 1979. The chain concept consisted of a standardised range of goods (in principle 1,000), a simple shop design and low prices. REMA 1000 was a breakthrough for discount grocery chains in Norway. In 1994, the first REMA 1000 store opens in

Denmark Denmark is a Nordic countries, Nordic country in Northern Europe. It is the metropole and most populous constituent of the Kingdom of Denmark,, . also known as the Danish Realm, a constitutionally unitary state that includes the Autonomous a ...

. In 1995, Reitan Eiendom is established. In 2000, Rema 1000 and Narvesen merges. In coming years Reitan takes control over Reitan Narvesen AS and in 2004 Reitan Convenience is in charge of the brands Narvesen and

7-Eleven 7-Eleven, Inc. is an American convenience store chain, headquartered in Irving, Texas. It is a wholly owned subsidiary of Seven-Eleven Japan, which in turn is owned by the retail holdings company Seven & I Holdings. The chain was founde ...

. In 2006, Reitan 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 Shell may refer to: Architecture and design * Shell (structure), a thin structure ** Concrete shell, a thin shell of concrete, usually with no interior columns or exterior buttresses Science Biology * Seashell, a hard outer layer of a marine ani ...

and the convenience part of the gas stations becomes 7-Eleven. In 2012, Reitan Convenience buys R-Kioski with stores in

Finland Finland, officially the Republic of Finland, is a Nordic country in Northern Europe. It borders Sweden to the northwest, Norway to the north, and Russia to the east, with the Gulf of Bothnia to the west and the Gulf of Finland to the south, ...

Estonia Estonia, officially the Republic of Estonia, is a country in Northern Europe. It is bordered to the north by the Gulf of Finland across from Finland, to the west by the Baltic Sea across from Sweden, to the south by Latvia, and to the east by Ru ...

and

Latvia Latvia, officially the Republic of Latvia, is a country in the Baltic region of Northern Europe. It is one of the three Baltic states, along with Estonia to the north and Lithuania to the south. It borders Russia to the east and Belarus to t ...

and Lietuvos Spauda in

Lithuania Lithuania, officially the Republic of Lithuania, is a country in the Baltic region of Europe. It is one of three Baltic states and lies on the eastern shore of the Baltic Sea, bordered by Latvia to the north, Belarus to the east and south, P ...

. 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. In 2019, after three years of refurbishing, Odd Reitan fulfill his childhood dream by opening Britannia Hotel, a five star hotel in Trondheim. In 2021, Reitangruppen changed its name to Reitan. At the same time, five business areas became three: Reitan Retail, Reitan Eiendom and Reitan Kapital.

References

External links

Official English-language website
{{Authority control Retail companies established in 1948 Conglomerate companies established in 1948 Norwegian companies established in 1948 Wholesalers of Norway Retail companies of Norway Holding companies of Norway Companies formerly listed on the Oslo Stock Exchange Companies based in Trondheim