When Geir Inge Stokke took over the lead in Coop Norway, he had too much staff – including a management team of 24 people. Now 650 people has left the company due to overlapping work after the ICA acquisition. And 13 leaves the management team. ”24 people who report to me are simply too many. It is not effective, Stokke tells […]
Tag Archives | Coop Norge
Rema reports 120 competitor’s stores for illegal Sunday opening
Rema 1000 in Norway reports 120 stores in NorgesGruppen, Coop and Bunnpris for violating the law on holidays and holiday peace. The chain claims nearly a third of Norgesgruppen’s stores are open on Sundays in violation of the law. ”Today’s regulations are not enforced – and for those who exploit it, the turnovers increase on Sundays. Either the authorities […]
Stokke new President of Coop Norway
Geir Inge Stoke becomes Coop Norway’s permanent solution. Board of Coop Norge Handel and Coop Norge SA has appointed him as Group CEO of Coop Norway. ”Both from the thorough search and results Geir-Inge Stokke have delivered on time as acting CEO, the board is confident that we have found the best candidate,” says Chairman Lisbeth Bull […]
Bunnpris: We might go with another partner than Rema
Norway’s smallest, but fast growing, food chain, Bunnpris, is now considering breaking its cooperation with Rema. ”We have not entered into marriage with someone,” CEO Christian Lykke said. (more…)
Norway’s largest store conversion has started
Now, the first customers will definitely notice that Coop bought Ica’s grocery business in Norway. ”We are shaping the “new” Coop. The competition is very tough, but our discount chains will be cheaper,” says acting CEO Geir Inge Stokke. (more…)
Rema 1000 to take over leasing contract for 20 Ica-stores
Rema 1000 was rejected by Coop after Ica-deal. Now, the chain will still take over 20 Ica-stores by getting their hands on the leasing contracts. (more…)
Ica’s profit in Norway: 1.2 billion
The divestment of Ica Norway to Coop Norway is officially completed. Of the 2.8 billion price tag – Ica makes a 1.2 billion SEK profit. (more…)
43 new Bunnpris-stores ready to open the doors
Tomorrow, Bunnpris will grow with 43 new stores. Then the first part of Ica’s conversion will take place. Coop Norway had to divest 93 of the 550 stores acquired from Ica Norway. 43 got a new home at Bunnpris, 50 at Norgesgruppen. The Bunnpris-stores are the first to be re-branded and converted. Chain director Tonny […]
Coop might close five Norwegian warehouses
After Coop Norway’s acquisition of Ica Norway, Coop announces a sharp reduction in the number of warehouses and terminals as Coop and Ica had their logistics hubs at roughly the same places. (more…)
Coop to take down the Rimi-signs
For nearly 40 years Rimi has been a key player in the Norwegian grocery. Now, Coop has decided to bury the store signs. ”We have great respect for the position Rimi had in Norway. But after a total assessment, we have decided that we do not use the name,” says communications director Kristin Paus at […]
Green light to Coop’s acquisition of Ica Norway – Bunnpris and Norgesgruppen to buy 93 stores
The Norwegian Competition Authority today announced their approval of Coop Norway’s acquisition of ICA Norway, but the acquisition may not be completed until Coop Norway has sold on 93 of their stores. Coop has entered into agreements with Bunnpris and Norgesgruppen to sell the stores concerned. ”For Bunnpris it means a total turnover increase of […]
Unexpected yes to Sunday open stores from Rema
Norway’s second largest grocery chain, Rema 1000, changes stand in the hot Norwegian debate over every day open stores. CEO Ole Robert Reitan now says yes to Sunday open stores over 100 square meters. He is also critical towards the trade organisation Virke. (more…)
Coop director: No Coop-stores will be sold – only Ica-stores
Coop won’t close or sell any current stores if the Norwegian Competition Authority says yes to the acquisition of Ica. According to Coop Nordland director Lars Arve Jakobsen only Ica-stores will be divested. (more…)
Rema 1000 gained most market shares in 2014
The Norwegian grocery market grew by 6.64 billion NOK last year. The winners were stores belonging to Norgesgruppen and Rema 1000, according to the annual grocery report from Nielsen. (more…)
Ica might force Ica Norway into administration
Ica will leave Norway whatever happens with the Coop deal. A no from Konkurransetilsynen also means Ica will stop all cash flow to Norway which can lead to bankruptcy. That is the latest answer from Ica-President Per Strömberg. (more…)
Norwegian Coop districts might leave for Norgesgruppen
Double signals from Coop Norway makes the independent district cooperatives uncertain. New financial instruments from central level might force them to merge with other districts – or leave Coop for Norgesgruppen. (more…)
Former Coop-boss got 8 million after quitting
Ola H Strand quit his job as CEO of Coop Norway after a dispute with his board. But he was compensated. According to a statement from Coop yesterday he received two years payment after getting fired in October last year. (more…)
Ski federation stops bread and juice in Coop-stores
A board resolution of the Norwegian Ski Federation states that cross country ski star Petter Northug can not compete in the Coop suit in national competitions coming season. The federation also demands that Coop in the period from November 1 until the season is over in April whatsoever can not use Northug in marketing. […]