Malcolm Walker news, comment and analysis – Page 2
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NewsRichard Walker’s MP bid ‘could leave Iceland more vulnerable to takeover’
Walker’s ambition could leave the business more vulnerable to takeover from opportunistic investors, according to a City source
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Comment & OpinionWilko’s woes highlight its unlikely challenge in the cost of living crisis
Perhaps counter-intuitively, the squeeze on incomes is not playing into the hands of the variety discounters
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NewsIceland founder Malcolm Walker rebuffs takeover suitors
Opportunistic investors are reported to have bought the supermarket’s debt for as little as 67p in the pound earlier this year, in a strategy that can prelude a debt-for-equity swap and takeover if borrowing becomes unaffordable
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NewsMedia Bites 21 Nov: Iceland, Lottery, UK Retail sales
The founder of Iceland has reasserted his intention to retain control of the frozen foods retailer after rebuffing takeover interest from several suitors since the onset of the pandemic
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NewsCity Snapshot: Iceland halts store openings as energy bills soar
Frozen food chain Iceland has put expansion plans on hold and warned of potential store closures as the cost of energy spirals.
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Comment & OpinionCredit to Lurpak owner Arla for securing proper price increases
Unfortunately, not all suppliers can negotiate from a position of such strength
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NewsMedia Bites 10 August: Deliveroo/Delivery Hero, Morrisons, Vectura
The papers are filled with news of takeover activity as Deliveroo, Morrisons and Vectura are all in focus.
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NewsSales boost shrinks Iceland’s annual losses but its finances stay in the red
The latest accounting period included an advance of £108.5m to Iceland’s family shareholders’ holding company, WDFF, in order for them to pay Brait SE for the return of the business to full family ownership
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NewsIceland celebrates raising £5m over 10 years for Alzheimer’s Research UK
The Iceland Foods Charitable Foundation has helped the charity with fundraising events involving staff, customers and suppliers
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NewsIceland slated for voucher push after pocketing rates relief
A major rival has slammed Iceland for giving away ’20%’ discounts while arguing it cannot afford to repay business rates relief
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NewsIceland MD admits to ‘big mistake’ over palm oil deadline
The acknowledgement comes in Walker’s forthcoming book The Green Grocer
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NewsIceland funds planting of one million trees in Indonesia
Iceland Foods Charitable Foundation has donated $165,000 to the Eden Reforestation Projects
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NewsIceland marks 50th anniversary with hour-long documentary on chain’s history
The 55-minute YouTube video sees Iceland ‘dip into the archive and piece together the history’ of the business
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NewsCountdown is on for The Grocer Golds Golden Week
The awards will be announced each day at 3pm on thegrocer.co.uk from 9 to 13 November
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NewsMedia Bites 7 September: Brexit, Asda, Iceland
The government is planning new legislation that will override key parts of the Brexit withdrawal agreement, risking the collapse of trade negotiations with Brussels
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NewsFormer Iceland joint MD Nigel Broadhurst explains resignation
Broadhurst’s surprise departure marked the end of a career spanning nearly four decades
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NewsFood and drink deals decline but activity still ‘surprisingly high’
UK food and drink dealmaking slumped in the second quarter, but the sector continued to see a “surprisingly high” level of activity given the economic disruption caused by the lockdown.
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NewsIceland’s losses grow despite boost to sales
Pre-tax losses for the year ending 27 March 2020 were £71.8m, up from £53.8m the previous year, according to new accounts
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NewsIceland joint MD Nigel Broadhurst resigns
It comes a month after Iceland founder and executive chairman Malcolm Walker and CEO Tarsem Dhaliwal took full ownership of the frozen food chain
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NewsMedia Bites 9 June: Retail sales, Tesco, Iceland
Hopes for an economic rebound have been lifted by signs that the collapse in retail sales may be short-lived