Sir Malcolm Walker, 71, started Iceland in 1970 with £30. In 2012 he regained control of the business from its Icelandic owners in a £1.5bn buyout, only to be hit by challenging markets in 2014. The South African investment group Brait upped its stake in the business from 20% to 57% in late 2015. This helped Iceland regain its cool; its 884 shops generated sales of £2.8bn in the year to March 2017. The analyst Kantar now puts its market share at 2.2%.
This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.