Steen & Strøm is a Scandinavian retail and real estate company that owns and operates 52 shopping centres in Norway, Sweden and Denmark. In 2006 the shopping centers had 3,300 lessees with total revenue of about NOK 40 billion. It has been a member of the International Association of Department Stores from 1940 to 1992, with various CEOs acting as presidents of the Association over time. The company was founded in 1797 when Samuel Strøm started a wine shop and general store in Oslo. When he died in 1818, the store was taken over by his widow Else Strøm, then their common son Christian Strøm in 1829. In 1856 Christian Strøm, shortly before his death, passed it on to his nephew and adoptive son Samuel Strøm Jr. (son of Søren Strøm) and the husband of his adoptive daughter (Ovidia born Jebe) Emil Steen. The name Steen & Strøm was then established. Samuel Strøm Jr. died in 1876, and Emil Steen brought the widow of Samuel Jr Augusta Strøm on board as partner. In 1884 the next generation took over, with Christian Steen, Johan Steen and Christian Strøm Jr. as partners. The next generation after that entered the company with Erling Steen and Eyvind Strøm in 1914; and Nils Steen in 1919. The three took over the company in the 1930s. Another family member Emil Steen was just a board member, but his son Christian Steen became chief executive in 1964. More information...
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