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, Reitan's cultural and financial center. Reitan Retail and Reitan Kapital has its operational center in Oslo, 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 and the Baltic region. Reitan's mission is to manage strong and independent business areas in retailing and real estate.[2]
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 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