Coop Norden was a Scandinavianretail chain. It was based in Sweden and owned by three major cooperative retail companies: Sweden's KF (42%), Denmark's FDB (38%), and Norway's Coop NKL (20%). During its years of operation, Coop Norden ran around 1,000 stores and had a yearly turnover of approximately SEK 90 billion.[citation needed] In 2007, the parent companies decided to dissolve the arrangement and, in January 2008, operation and ownership of the retail chains were returned to the national cooperatives.[1]