As the Top 50 independents mark a solid year, MBOs are increasingly in vogue, with Iceland’s Malcolm Walker setting the pace as he looks to take control
It takes guts to stand on your own two feet among the powerful goliaths of grocery retail. Yet it seems more retailers are doing so, eschewing private equity in favour of private ownership.
The most high-profile recent example, of course, is a giant in its own right. CEO Malcolm Walker increased his stake in the frozen food retailer Iceland from 23% to 43% earlier this month following a drawn-out and very public MBO.
And he’s in no doubt over the benefits this new-found independence will bring in the long term.