Bunnpris
Encyclopedia
Bunnpris is a Norwegian
Norway
Norway , officially the Kingdom of Norway, is a Nordic unitary constitutional monarchy whose territory comprises the western portion of the Scandinavian Peninsula, Jan Mayen, and the Arctic archipelago of Svalbard and Bouvet Island. Norway has a total area of and a population of about 4.9 million...

 retail chain with 193 grocery store
Grocery store
A grocery store is a store that retails food. A grocer, the owner of a grocery store, stocks different kinds of foods from assorted places and cultures, and sells these "groceries" to customers. Large grocery stores that stock products other than food, such as clothing or household items, are...

s in Norway, primarily in Sør-Trøndelag
Sør-Trøndelag
- References :...

, Møre og Romsdal
Møre og Romsdal
is a county in the northernmost part of Western Norway. It borders the counties of Sør-Trøndelag, Oppland and Sogn og Fjordane. The county administration is located in Molde, while Ålesund is the largest city.-The name:...

 and Oslo
Oslo
Oslo is a municipality, as well as the capital and most populous city in Norway. As a municipality , it was established on 1 January 1838. Founded around 1048 by King Harald III of Norway, the city was largely destroyed by fire in 1624. The city was moved under the reign of Denmark–Norway's King...

, but also many in Northern Norway. The stores are managed by I. K. Lykke run by the fifth generation Lykke.

History

It all started in 1830' when Iver Knudsen Lykke started exporting millstone
Millstone
Millstones or mill stones are used in windmills and watermills, including tide mills, for grinding wheat or other grains.The type of stone most suitable for making millstones is a siliceous rock called burrstone , an open-textured, porous but tough, fine-grained sandstone, or a silicified,...

s by ship to Southern Norway and Eastern Norway. Because he usually was paid in agricultural products, Lykke started a fat store in Trondheim
Trondheim
Trondheim , historically, Nidaros and Trondhjem, is a city and municipality in Sør-Trøndelag county, Norway. With a population of 173,486, it is the third most populous municipality and city in the country, although the fourth largest metropolitan area. It is the administrative centre of...

, and from the 1860s it was exported to England
England
England is a country that is part of the United Kingdom. It shares land borders with Scotland to the north and Wales to the west; the Irish Sea is to the north west, the Celtic Sea to the south west, with the North Sea to the east and the English Channel to the south separating it from continental...

. The third generation was Ivar Lykke
Ivar Lykke
Ivar Lykke was a Norwegian politician from the Conservative Party. He was Prime Minister of Norway from 1926 to 1928.-References:...

, who was Prime Minister of Norway
Prime Minister of Norway
The Prime Minister of Norway is the political leader of Norway and the Head of His Majesty's Government. The Prime Minister and Cabinet are collectively accountable for their policies and actions to the Sovereign, to Stortinget , to their political party, and ultimately the...

 1926 to 1928.

In 1981 Trond Lykke, fifth generation, started the low-price store Bunnpris at Øya
Øya
Øya is a location in Trondheim, Norway that is a peninsula in the river Nidelva, with Elgeseter to the east. The area is dominated by housing, but also features St. Olavs University Hospital as well as parts of the Norwegian University of Science and Technology and Sør-Trøndelag University College....

 in Trondheim. Since then the company has expanded throughout the country. In 2006 a number of unsatisfied ICA franchise
Franchising
Franchising is the practice of using another firm's successful business model. The word 'franchise' is of anglo-French derivation - from franc- meaning free, and is used both as a noun and as a verb....

es have switched to Bunnpris, escalating the growth of the chain.
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