Iceland Foods Founder Kicks Off His Bid To Buy The Chain

Malcolm Walker, founder and CEO of the retailer, has held preliminary meetings with advisers appointed by the Resolution Committee of Landsbanki, the failed Icelandic bank which owns a 67% stake, over upping his bid. Last year Mr Walker made a £1bn offer, however the Resolution Committee is looking for an offer between £1.8bn and £2bn.

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