Festi hf., together with its subsidiaries, engages in the sale of fuel, goods, groceries and related products, electronic equipment, and services to businesses in Iceland. It operates through N1, Krónan, and ELKO segments. The company engages in the product storage, packaging, labelling, and distribution of products; selling household appliances and electronic equipment; leasing of non-residential to retail companies; production of convenience goods; and import and wholesale of alcohol to ATVR stores, hotels, and restaurants; wholesale and retail of fuel. It also operates stores and online shops; service stations, including tire and lubrication service stations; and convenience stores under the Kronan brand name, as well as smart shop with home deliveries. In addition, the company purchases electricity on the wholesale market and retail sells it to individuals and companies. The company was formerly known as N1 hf. and changed its name to Festi hf. in September 2018. Festi hf. was incorporated in 2006 and is headquartered in Kópavogur, Iceland.