Founding family and CEO take full control of Britain’s Iceland Foods
JOHANNESBURG – The founding family of Britain’s Iceland Foods and its chief executive have taken full ownership of the frozen food specialist which has seen a two decade-high market share during the coronavirus crisis.
Malcolm Walker, who founded the supermarket group in 1970, and CEO Tarsem Dhaliwal, have purchased the 63.1% of Iceland owned by South African investment company Brait for 115 million pounds ($146 million).
Iceland Foods is now 100% owned by Walker, Dhaliwal and their related parties.
Source: iol.co.za
