Iceland news and analysis – Page 35
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NewsMorrisons and Asda 'likely to pull out' of the race for Iceland
Morrisons and Asda are unlikely to pursue their interest in Iceland Foods as the second round of the auction gets under way, according to a City source close to the deal.
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NewsAsda lines up Farmfoods as buyer for Iceland stores
Asda has teamed up with Farmfoods in a move designed to add momentum to its £1.4bn bid to buy Iceland.
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NewsWalker ‘most likely winner’ in the race for control of Iceland
Malcolm Walker remains in pole position to regain control of Iceland Foods despite the first round of bidding attracting strong interest from rivals and private equity investors. Walker did not submit a bid in the first round, which...
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News
Frozen sarnie range is back at Iceland
Iceland is bringing back its range of frozen sandwich platters this Christmas due to popular demand. The £5 platter contains 30 frozen sandwich quarters that have been blast frozen and was available two years ago during the festive…
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News99p Stores eyes up a frozen food fight
Single-price discounter 99p Stores is taking on frozen food specialist Iceland by selling frozen food for the first time.
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NewsSales up as Greggs goes nationwide with frozen sausage rolls
Greggs has announced a modest rise in like-for-like sales for the third quarter – and confirmed plans to sell its popular sausage rolls nationwide through Iceland. Sales were up 0.8% on a like-for-like basis in the 13 weeks to 1 October, with total sales for the period up almost 6%. ...
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News
Manchester Drinks labels carry calories
The Manchester Drinks Company is adding calorie content details to labels on its pre-mixed cocktails. The updated packaging is rolling into Asda, Spar, Iceland and Booker now on the company's My Cocktail range and will be introduced on...
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Iceland staff share £14.6m pay rise
Iceland has splashed the cash on a £14.6m pay rise bonanza for its staff, boosting salaries across the company by as much as 45%.
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NewsClarke ponders Iceland move as Asda ups small store target
Andy Clarke has said Asda could move for some of Iceland’s estate – but appeared to rule out a swoop for the whole chain. “The estate does not fit our model,” Clarke said yesterday at a former Netto store now converted to the Asda fascia.
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Comment & Opinion
The cool blue approach to stopping shrinkage
Forensic daily analysis combined with cross-department teamwork slashed stock losses at Iceland, says…
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NewsMorrisons drops biggest hint yet of bid for Iceland
Morrisons appears to have signalled its intention to bid for frozen food retailer Iceland by appointing Credit Suisse as an advisor. Iceland’s majority owners, the officials responsible for the winding up of Icelandic bank Landsbanki, put their 67% stake up for sale in May.
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Analysis & FeaturesFish Special: The start of the line?
The first MSC-certified line-caught fish from Iceland is hitting Sainsbury’s now. Nick Hughes visits the country to see if its tie-up with Saemark presents a blueprint for the future
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InterviewsMcMeikan on a roll
Since joining Greggs, Britain’s biggest high-street bakery, chief executive Ken McMeikan hasn’t put a foot wrong. Now he’s selling frozen sausage rolls through Iceland and eyeing another 500 store openings.
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NewsGreggs and Iceland pair up to sell frozen sausage rolls
Iceland has joined forces with Greggs to sell frozen versions of the high street baker’s famed sausage rolls. Ten Iceland stores in Liverpool began selling the bake-at-home sausage rolls today in Greggs-branded four-packs.
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NewsIceland bidders face ‘nuisance and cost’ of restrictive leases
Supermarket chains looking to buy Iceland will be unable to convert “at least 200” of the frozen discounter’s stores into small-format supermarkets without costly and time-consuming changes in the leases, The Grocer understands.
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Iceland bidders face ‘nuisance and cost’ of restrictive leases
Supermarket chains looking to buy Iceland will be unable to convert close to half the frozen discounter's stores into small-format supermarkets without costly and time-consuming changes in the leases, The Grocer understands.
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NewsRecord trading for Iceland
Iceland has announced a record year of trading for the year ending 25 March 2011. Pre-tax profits jumped 14.8% up to £155.5m. Sales were up 5.9% to £2.3bn, with like-for-like sales up by 2.1%...
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NewsWalker ‘still favourite’ to take over at Iceland
As newspaper reports confirmed a 'beauty parade' of financial advisors strongly linking Morrisons with a £1.5bn swoop for Iceland, Malcolm Walker is still the favourite to get his hands on the company he founded, a senior City source close to the...
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Comment & Opinion
Under the Adjudicator, retailers won’t know who they are apologising to
It’s difficult to remain focused on a story that drags on and on, but though I suspect torpor will soon set in over the Iceland acquisition…
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NewsIceland’s new coupons offer speedier promos
Having led the way with round-pound price points, Iceland is now looking to stay ahead of the game with a new flexible loyalty promotional strategy. The retailer will use intelligent new technology to allow it to chop and change...