Food industry company news

Subscribe via RSSWhat is RSS?

Latest Insights

Iceland seals week of headlines for UK retail

It was, in the end, no major surprise. But it did mark the end of a saga that had lasted the best part of two years. A consortium led by Mal...

Convenience driving in-demand Iceland Foods

Malcolm Walker, the CEO of UK retail chain Iceland Foods, has reportedly made a GBP1bn bid to buy out the company he founded in 1970....

Chris Brook-Carter | 10 Jun 2010

It is one of the questions of the moment among the UK retail trade. Will consumers turn their backs on the discount sector as and when a recovery truly takes hold?

Gerard O'Dwyer | 6 Nov 2009

In the wake of Iceland's financial meltdown, food manufacturers in the country have found themselves struggling with higher input costs. However, exporters have also flourished due to the weak currency. Gerald O'Dwyer reports.

Katy Askew | 14 Oct 2008

Nowhere in the world can the impact of the credit crunch be more clearly seen than in Iceland, a nation on the brink of financial implosion. As the events of the last week unravel, Iceland has found itself struggling to avert the alarming possibility that the financial meltdown could spread to the “real” economy and Iceland’s food industry now has to face a crisis not of its own making. Katy Humphries reports.

Latest News | 19 May 2010

The chief executive of UK frozen-food retailer Iceland Foods has praised Jón Ásgeir Jóhannesson’s work following the announcement of the former chairman's departure. | 26 Feb 2009

Icelandic bank Landsbanki is “considering options” for its 14% stake in UK supermarket group Iceland, which fell under the bank’s control when it seized the assets of investment firm Baugur. | 6 Feb 2009

The retail holdings of Icelandic investment firm Baugur are “likely to be seized” by its principal lender, Landsbanki, a spokesperson for the group told just-food this morning (6 February). | 4 Feb 2009

Baugur’s stake in frozen food retailer Iceland is expected to generate “considerable interest” as the market gears up for a fire sale of the Icelandic investment vehicle’s UK assets, one analyst told just-food. | 4 Feb 2009

Iceland’s Baugur has sought protection from its creditors, after talks with Icelandic bank Landsbanki collapsed over the investment vehicle’s GBP1bn (US$1.45bn) debt mountain. | 4 Nov 2008

Jón Ásgeir Jóhannesson, chairman of Baugur UK, has joined the board of Iceland food stores in the UK as chairman. | 17 Oct 2008

The spectre of the economy continues to loom large of the consumer goods industries this week. Job cuts at PepsiCo and Cadbury, slowing sales at Hershey and the prospect of a food shortage crisis in Iceland. Elsewhere, Heinz has been bucking the trend of bad news whilst Nestle has turned its wrath on global biofuels policy. Read on for more of the stories that grabbed our readers' attention this week. | 14 Oct 2008

Icelandic retail investment company Baugur Group said it has no plans to place its UK business into administration as it faces up to Iceland's banking turmoil. | 13 Oct 2008

Icelandic holding company Baugur told just-food today (13 October) that the collapse of Iceland’s banking system would not have an impact on the group’s UK retail investments. | 13 Oct 2008

Iceland’s supermarkets have seen sales jump following the collapse of the country’s banking system as shoppers respond to concerns that food imports may dry up. | 10 Oct 2008

The news that one of the UK's three largest credit insurers, Coface, has withdrawn cover for suppliers of a number of Baugur-backed retailers has drawn UK food retailer Iceland’s financial security into the spotlight.

Forgot your password?