Steen & Strøm
Line
- Olav Line, CEO
- Laurent Jean Morel, Chairman of the Board
Steen & Strøm is a Scandinavian retail and real estate company, which currently operates a total of 56 shopping centers in Norway, Denmark and Sweden. 2006, the company had 3,300 franchisees in the malls with a total turnover of approximately NOK 40 billion.
The group is divided in Steen & Strøm Norge AS, Steen & Strøm Danmark A / S Steen & Strøm and Sverige AB. Until December 31, 2009 and owned and managed Steen & Strøm operating a total of thirty shopping centers and department stores in Norway, Sweden and 9 in 17 in Denmark.
Klépierre and ABP Pension Fund purchased on July 28, 2008 Steen & Strøm for 21.9 billion Norwegian crowns. Klépierre owns 56.1 percent of the company, while ABP Pension Fund holds 43.9 percent. Steen & Strøm Group had 456 employees at 31 December 2009.
The company carries claims to be a comprehensive program for environmental and social responsibility and is committed to clearly defined goals for the environment and economy. This means that all the centers since 2010 have an environmental certification. The Norwegian centers innkjøperklubb is a member of the Svanens, and all electricity comes from renewable energy sources. The company has launched an e -learning program in place for its employees.
History
Samuel Strøm had already been established in 1797, a food retailing in Christiania. When he died in 1818, the business from his widow Else Strøm was continued until then, their son Christian Strøm took it over in 1829. 1856 shortly before his death, Christian Strøm gave to his nephew and adopted son Samuel Strøm, Jr. and the husband of his adopted daughter Emil Steen on. The company under the name of Steen & Strøm in 1858 was merged as Emil Steen and Strøm Samuel their companies into one company. Samuel Strøm junior died in 1876 and Emil Steen brought the Augusta Strøm widow in 1919 as a new partner in the company. 1884 took over the descendants of Christian Steen, Johan Steen and Christian Strøm the company as a partner. Their descendants Erling Steen and Strøm Eyvind attracted in 1914 and Nils Steen in 1919 as a partner in the company and took over in the 1930s, three finally the company together. Emil Steen, another family member was a member of the board, but his son Christian Steen 1964 CEO of the company.
1874, the company opened on Kongens gate 23 in Christiania, the first department store Steen & Strøm Magasin in the large new building with shops on four floors. The building was built by architect Paul Due, but burned in 1929 after a fire completely out. After the fire, today's surviving department store Steen & Strøm Magasin Steen & Strøm from was built with five floors and three basements at the site based on a design by architect Ole Sverre and finished in 1930. The new building leaned on former models of large modern department stores in Paris and had an open oval central area as a center under a glass roof. Furthermore, had this department store in Oslo, the first escalators in Norway. The building is now always Steen & Strøm Magasin as a department store and shopping center of the company. Since then, other new and modern department stores and shopping centers in various northern countries were increasingly constructed, and the chain is one of the largest in Scandinavia.
In the 1990s, the investor Petter Stordalen increased after financial problems of the chain in the company, who previously worked at the large shopping center City Syd in Trondheim. In 1992 he finally took Steen & Strøm. 1996 sold his shares Stordalen following renewed shortages forced to Stein Erik Hagen, who had already been involved in Steen & Strøm as a shareholder.
Since the acquisition Hagen held until the end of 2008 about his family office Canica large proportions ( 49.9%) Steen & Strøm to.
The company was listed from 1994 to 2007 on the Oslo Stock Exchange.
Steen & current new owner
In 2008 the company for NOK 21.9 billion was sold to Klépierre ( 56.1 %) and ABP Pension Fund ( 43.9 %). ABP Pension Fund after the balance sheet total, Europe's largest investment company, which is almost as large as the Norwegian oil fund. The total assets of ABP Pension Fund is about 1,650 billion Norwegian kroner or 35 billion euros.