Hagar hf. Overview
Pro stress-test →Hagar hf. is an Icelandic holding company based in Kópavogur that owns a number of retail and wholesale companies in Iceland, Sweden, and Denmark. Through its stores, the company offers food products, clothing, beauty products, home furnishings and leisure products.
Strategic Profile
Pro stress-test →As of 2014, Hagar's subsidiaries had a combined 48% market share in the Icelandic food retail market. Each of Hagar's companies are run individually, allowing for specialized operational and cultural approaches across distinct business units.
Competitive Landscape
Pro stress-test →Hagar dominates Iceland's retail market with its low-price grocery format, but faces competition from general European retailers and growing e-commerce players. The company's diversified subsidiary model (including distribution, fresh produce import, and wholesale) provides competitive advantages in supply chain efficiency and market penetration.
Industry Context
Hagar hf. operates in Retail Trade / Grocery & Convenience Retailers.
Key facts
Founded: 2003 · Headquarters: Reykjavik, Iceland · Employees: 2200