Wednesday, February 20, 2019

Iceland acquires seven franchise Irish stores


Value supermarket Iceland Foods has acquired seven Iceland stores in the Republic of Ireland for an undisclosed sum, as the retailer accelerates its international expansion.

Iceland Chairman and Chief Executive Malcolm Walker said the retailer sees great opportunities for growth in Ireland and said taking direct control of these stores will help it to ensure that it offers the best value and the highest standards of service.

The stores, located in Ballyfermot, Finglas, Navan Road, Ilac Centre, Coolock, Clonmel and Carlow were previously operated by its franchisee AIM Group, and will offer the opportunity for its staff to transfer to Iceland.

Walker added: “It will also help us to accelerate the expansion of the business, creating new Irish jobs, more opportunities for Irish suppliers and making our unique branded products available to more people throughout the country.”