Bunnpris

Bunnpris is a Norwegian retail chain with 216 grocery stores in 2011 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.

I. K. Lykke AS
TypePrivate
IndustryRetail
Founded1981
HeadquartersTrondheim, Norway
Area served
Norway
Key people
Trond Lykke (CEO)
Revenue NOK 3.2 billion (2006)
Websitewww.bunnpris.no

History

It all started in 1830 when Iver Knudsen 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.[1]

References
  1. Adresseavisen. "Bunnpris på fremmarsj" (in Norwegian). Archived from the original on 2011-07-24. Retrieved 2007-01-28.
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