Press Response

Iceland & Baugur

It has recently been announced that the Baugur Group is about to go into administration.

In response to enquiries from media we wish to point out that whilst Baugur have been very high profile in their connections with Iceland Foods, and were responsible for putting the original buy out syndicate together, their shareholding in Iceland is only 13.5%.  Iceland is not, and has never been, a subsidiary of Baugur.

This latest development will have zero impact in the day to day trading of the company.

The longer term shareholding of the business is not a concern as management have a controlling interest.