History
Bónus was started by Jón Ásgeir Jóhannesson and his father, Jóhannes Jónsson, with the first store in Skútuvogur street in Reykjavík in April, 1989. Within just a few years, the chain became the biggest supermarket chain in Iceland. In 1992, another Icelandic supermarket, Hagkaup, bought a 50% stake. In 1998 the chains merged, but keeping their separate identities, to form Baugur Group. Bónus and Hagkaup are now both owned by Baugur Group's subdivision Hagar.
Read more about this topic: Bonus
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