Iceland news and analysis – Page 40
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Iceland announces 400 job losses
Iceland, the supermarket chain recently acquired by Baugur as part of its purchase of the Big Food Group, is cutting a third of its workforce at its Deeside headquarters in Flintshire.The company, which employs 20,000 people across the UK,...
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Kwik fixes are not the solution for Baugur
Baugur could extract some synergies from teaming up Iceland and Kwik Save, but it could prove a marriage made in hell, warned analysts as news of Baugur’s interest in Somerfield Group broke this week.Just two days before the Icelandic...
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Review of 2004
January Big Food Group meets Londis’s advisors, KPMG, to discuss a bid. BFG announces departure of Iceland MD Mike Coupe. Tesco stuns convenience world by buying Adminstore. The City raises concerns about Morrisons’ ability to integrate...
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Restaurant-quality food from Iceland
Iceland has introduced a “restaurant-quality” range of frozen prepared foods into 100 stores in the run up to Christmas after a successful trial with the products at its store in Sudbury.Recently refurbished stores have been chosen to sell the...
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Baugur’s takeover talks with BFG continue
The Big Food Group has stated that the sales drop in its core Iceland and Booker businesses has continued for the last six months during a period of increased competition in the UK retail environment. The group, which is in takeover talks...
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It’s crunch time for the OFT
A grim future lies ahead for independents unless the regulatory environment changes. Events may be brought to a head by the sale of a tranche of Iceland stores says John WoodEver since the OFT waved through Tesco’s takeover of T& S...
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Cooltrader acquires Poundfreeze
Cooltrader, the freezer chain set up by former Iceland boss Malcolm Walker, has almost doubled its store base with the acquisition of West Midlands chain Poundfreeze.The eight-store deal boosts Cooltrader’s estate to 20 stores, said buying...
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Cooltrader acquires Poundfreeze
Cooltrader, the freezer chain set up by former Iceland boss Malcolm Walker, has almost doubled its store base with the acquisition of West Midlands chain Poundfreeze.The eight-store deal boosts Cooltrader’s estate to 20 stores, said buying...
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Baugur’s big mystery
Big Food Group might be happy to recommend a 110p a share takeover from Icelandic group, Baugur. But would it be so amenable if the offer were lowered to 90p?Last week the group, which owns Iceland, confirmed that it had opened its books to...
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Baker set to forge new buying strategy
Icefresh Foods has appointed Lee Baker from Iceland Foods to take up the new role of purchasing manager, with responsibility for all procurement and the creation of a new buying strategy.He will be working with the company’s business...
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How Grimsey will tackle sales falls
Big Food Group has pledged to drive up operational efficiency at Iceland after another quarter of negative like-for-like sales growth.Posting a 1.7% drop in like-for-like sales at Iceland and a 1.1% drop at Booker in the 13 weeks to July 2,...
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How Grimsey will tackle sales falls
Big Food Group has pledged to drive up operational efficiency at Iceland after another quarter of negative like-for-like sales growth.Posting a 1.7% drop in like-for-like sales at Iceland and a 1.1% drop at Booker in the 13 weeks to July 2,...
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Chicago Town rolls out microwaveable snack range
Schwan’s is expanding its Chicago Town offering with the launch of a new snacking range.
Chicago Town Wraps are rolling out to freezers in Iceland filled with one of four flavours – chilli beef, fajita chicken, roast vegetable and ham & cheese… -
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wiseman deliveries
Robert Wiseman Dairies has started to deliver to an additional 111 Iceland and Booker stores in England and Wales, it revealed at its annual general meeting. The company said this would help it build volume for its planned south of England depot,...
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Friends reunited @ JS
Mike Coupe and Justin King have been reunited at Sainsbury, with former Iceland boss Coupe becoming trading director under recently appointed chief executive King.During earlier stages of their careers, the pair had worked together at Asda....
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Start-up that iceland failed to defeat
from Malcolm Walker, Cooltrader, by e-mailSir; So Bill Grimsey is accusing Tesco of trying to drive smaller local players out of business (The Grocer, May 15, p6).Could this be the same Bill Grimsey who tried very hard to see off...
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Iceland trials satellite radio
Iceland is piloting a live satellite radio station from Immedia Broadcasting in 30 stores.Branded Iceland Live, the station features a mix of news, sport, music, product news and advertising, said Immedia chief executive Bruno Brookes. “This...
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Iceland trials in-store radio
Iceland is piloting a live satellite radio station in 30 stores from Immedia Broadcasting.Branded Iceland Live, the station features a mix of news, sport, music, product news and advertising, said Immedia chief executive Bruno...
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Troubleshooting at the top
Andy ClarkeClarke has been drafted in as managing director of Iceland after spending a period as group retail director at Matalan. Before that he worked at Asda for 10 years where his last post was as retail director.He left Matalan more...
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The Asda effect
Many who cut their teeth at the university of Asda have graduated to key positions in UK retail. Glynn Davis finds out whyThis week Asda alumni Andy Clarke takes up his role as MD of Iceland. Last month, Justin King took the reins...