Iceland news and analysis – Page 44
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Iceland: Grimsey replaces Rose and promises to release ener
Iceland has found a replacement for departing chief executive Stuart Rose in record time with the appointment of Wickes boss Bill Grimsey. But the company is still searching for a replacement for Booker chief Charles Wilson, who announced he would...
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News review 2000: Booker's rose basks in the limelight, then
In May, the UK's biggest wholesale company Booker became the junior partner in a "merger" with Iceland, and Booker boss Stuart Rose took over as chief executive of the merged company. Iceland's charismatic founder Malcolm Walker became chairman and...
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Iceland: Floods write off Iceland's Lewes store
Iceland will not reopen its existing store in Lewes, East Sussex as repairs to structural damage caused by flooding are not "economically viable". But the company said it had not yet ruled out reopening in the town if suitable premises were...
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News analysis: Iceland
A chill in the City Bill Grimsey arrived at Iceland and was angry at what he discovered. But he's getting on with the job. Organics and dotcom fascias have a shorter shelf life while ready meals will run and run, as he tells Helen Gregory Iceland...
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News analysis: Iceland
Carry on Malcolm. It's still early days for the Iceland/Booker merger, so does Stuart Rose's departure put the odd couple on a shakier footing? John Wood and Elaine Watson report on the challenges ahead for Malcolm Walker Malcolm Walker was taking...
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Art of getting sushi right
A new frozen convenience sushi from Sea Products International is to go on sale at Sainsbury and Makro this month. The frozen sushi is manufactured and quick frozen in Iceland. Local fresh products and Japanese recipes and processes are used in...
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And Iceland replies...
Sir; We are surprised and disappointed to read that one of our suppliers feels it has been treated unfairly, as all our negotiations so far have been very cordial with a clear sense of fair play. Unfortunately it is difficult to comment on...
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The odd couple: Iceland: £15m savings found in supplier stud
Iceland Group has identified potential savings of £15m following analysis of its suppliers. Speaking at the announcement of Iceland's interim results, chief executive Stuart Rose confirmed reports in The Grocer (News, August 19, p4) that the group...
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In the city: Analysts are hungry for more light to be shed
As Iceland prepares to release its last set of separate interim results on Tuesday, observers will be more interested in the accompanying progress report about its merger with Booker. "Investors just want to hear some reassuring noises about the...
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The odd couple: Booker and Iceland begin talks with supplier
Cherrypicking the best for both' Suppliers remain sceptical about Iceland's chances of securing the £50m synergy benefits outlined at the time of its merger with Booker. The newly enlarged group plans to meet its major suppliers over the next...
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Multiples: Iceland denies bullying
Exclusive Julian Hunt Iceland has reacted strongly to complaints from suppliers that the frozen food specialist has been employing strong arm tactics as it tries to negotiate better terms. Suppliers have contacted The Grocer to voice their...
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In the city: Many Booker shareholders didn't like the idea o
There was little surprise this week when Iceland announced that it had secured enough acceptances from Booker shareholders for the "merger" of the two to go ahead. However, there were obviously a fair number of Booker's shareholders who were willing...
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Tesco defiant over posters
Trading Standards officers have stepped in to curb the scrap between Iceland and Tesco over pricing claims. Iceland says that officials ordered Tesco to remove posters in its stores which claimed its frozen food was cheaper than Iceland's. But...
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The odd couple: Booker boss warns of major and rapid change
Merger is just the beginning Booker's merger with Iceland is only the start of big changes that will sweep the entire grocery sector, the cash and carry group's chief executive has said. Stuart Rose told the Scottish Wholesale Association annual...
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Cash & carries: Wholesale success
Following Booker's merger with Iceland, questions are being asked about the long-term future of the cash & carry sector as we know it. Consultant Dave Turnbull explains Cash & carry operators come in two broad types those that are two weeks away...
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Brickbats not bouquets for strange' marriage
Booker's customers have mixed views on the idea of the C&C group merging with Iceland, according to a straw poll carried out this week by The Grocer. And suppliers tell us that the combined company will have no chance of achieving the trading...
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Iceland and Booker: Rose applauded but Iceland investors a
Belinda Gannaway The City applauded Booker chief executive Stuart Rose for his £1bn "merger" with Iceland, this week. But it is not so bullish about what the deal does for the retailer. Iceland chairman and chief executive Malcolm Walker said...
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News analysis: Iceland/ Booker merger:
Iceland pulls in happy shoppers The Grocer predicted months ago that Malcolm Walker might pull off something big but no one suspected merging with Booker. Belinda Gannaway, Tony Hurren and John Wood assess the deal It's business as usual, say...
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News analysis: Iceland/ Booker merger: THE BOOKER TRAIL
Booker has been the most determined predator in wholesaling history. It has also shed an armful of businesses since Stuart Rose promised to focus on the core business. When cash and carry trading was in its infancy, the company acquired household...
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Advertising: Tesco and Iceland hit out at ASA rulings on lea
The Advertising Standards Authority has come under attack for its decision to censure Iceland and Tesco. Tesco has condemned the watchdog's ruling it misled consumers with a leaflet extolling the purity, low cost and taste of organic foods. While...