Axfood

Axfood AB (Nasdaq Stockholm: AXFO) is a Swedish company that operates in Sweden. It was formed in May 2000 through a merger between the Swedish grocery store chains Hemköp, D&D Dagligvaror, Spar Sverige, and Spar Inn Snabbgross.

Axfood
TypePublic Aktiebolag
Nasdaq OMX Stockholm AB
IndustryRetail
Founded2000 (2000)
HeadquartersStockholm, Sweden
Number of locations
1,137 stores, of which 274 are Group-owned
Area served
Sweden
Key people
Klas Balkow (CEO)
Revenue €4.6 billion (2017)
OwnerAxel Johnson AB (51%)
Number of employees
9,903 (2017)
Websiteaxfood.se

The Group's retail operations are conducted through the Willys, Hemköp, and Axfood Snabbgross chains, comprising 300 group-owned stores in all. In addition, Axfood collaborates with a large number of proprietor-run stores that are tied to Axfood through agreements. These include stores within the Hemköp chain as well as stores run under the Handlar'n, Direkten and Tempo profiles. In all, Axfood collaborates with some 840 proprietor-run stores.

Wholesale business is conducted via Dagab and Axfood Närlivs. Axfood is listed on Nasdaq OMX Stockholm AB's Large Cap list. Axel Johnson AB is the principal owner with 50.1 percent of the shares.

Axfood's private labels consist of Willys, Hemköp, Axfood Snabbgross, Garant, Eldorado (discount food brand), Såklart (body care, laundry and cleaning), Prime patrol (meat), Minstingen (baby products), Falkenberg Seafood (seafood products) and Fixa (kitchen supplies).

Axfood is a member of the European Marketing Distribution, a European purchasing organization for grocery stores, and United Nordic.

History

1958 The grocer “Spik-Olle” opened the first Hemköp store.

1975 Willys’ predecessor, LL:s Livs started.

1986 Willy Schlees opened his first discount grocery store in Kungsbacka.

2000 Axfood was formed through the combination of Hemköpskedjan, Dagab and D-gruppen.

2008 The private label Garant was launched.

2014 Part owner of Urban Deli.

2016 Acquisition of Eurocash, 51%.

2017 Axfood acquired Mat.se and Middagsfrid.

[1]

Market shares and competitors

Axfood is Sweden’s second largest food retailer and has a 20% market share in Sweden.[2]

The company's main competitors include ICA, Coop Forum, City Gross, Lidl, and Netto.

Sustanability and CSR

Axfood's sustainability and CSR work is based on its Code of Conduct. The company has numerous sustainability goals. The six central work areas are sustainable products, climate and energy, employees, transports, responsible suppliers, and corporate social responsibility and influence.[3]

Axfood publishes a sustainability report every year. It includes information about the Group’s work towards achieving leadership in sustainable development, including targets, activities, and results.

See also
  • List of Swedish companies

References
  1. "Our history". Axfood. Retrieved 2018-03-04.
  2. "Axfood annual and sustainability report 2017" (PDF).
  3. "Targets and results". Axfood. Retrieved 2018-03-04.
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