The story
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, and in 1993, Hagkaup and Bónus established a joint purchasing company named Baugur. In 1994, the company began expanding into the Faroe Islands.
Bónus and Hagkaup are now both owned by Baugur Group's subdivision Hagar.
From Wikipedia’s article on Bónus, shared under CC BY-SA 4.0.4
