Malcolm Walker’s many lives: How Iceland hopes to fight off profit slump June 10, 2015 Malcolm Walker has more business lives than a cat. He built his frozen food empire Iceland from a humble shop in Shropshire in 1970 into a £2bn turnover business 30 years later, before hitting a financial iceberg. Walker was forced to step down as chairman in 2001 after the Financial Services Authority launched an [...]
Iceland makes return to public markets after £950m refinancing August 31, 2014 ICELAND is set to report its first quarterly trading update to bondholders this month after completing a £950m refinancing that saw the frozen foods retailer return to the public markets for the first time in almost a decade. The grocer, which runs 833 stores and franchises in UK and Europe, placed £950m of high yield [...]
Iceland moves back into white goods market with online tie-up November 27, 2013 FROZEN food specialist Iceland is moving back into white goods by starting an online appliances store in partnership with DRL Limited – the parent company that launched Appliances Online more than 10 years ago. Iceland stopped selling non-food products in 2009 when chief executive Malcolm Walker decided to close its in-store electricals showrooms and use the [...]