Iceland has confirmed that it will acquire 51 former Woolworths outlets in a move that is expected to create 2,500 jobs at the company in the coming year.
Go deeper with GlobalData
Woolworths called in the administrators in November. The last of its 807 stores across the UK were shuttered this month when a buyer failed to materialise, resulting in 27,000 redundancies.
“We are confident we can help to support the local community in these towns who have lost a major high street retailer in Woolworths,” Nick Canning, Iceland MD, said in a statement emailed to just-food.
Canning said that the acquisition was in addition to Iceland’s existing store opening programme.
“We aim to develop our business in 2009 by continuing to offer our customers fantastic value everyday across our range of frozen, grocery and chilled products,” he said.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
