Iceland back in family ownership after £115m deal
Iceland, the supermarket chain that is famous for its family-focused tagline "that's why mums go to Iceland", is now back in family ownership.
A £115m deal has been agreed to buy the 63% stake held by Brait, the South African company which was the frozen food retailer's only external investor.
The Deeside-headquartered was co-founded by executive chairman Sir Malcolm Walker in 1970 and now employs 25,000 across its 1,000 stores.
The deal sees Walker and Iceland's chief executive Tarsem Dhaliwal acquire all of Brait's shares.... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
