Top Track 100

Iceland marked its 50th anniversary by operating as an essential service during the lockdown, and saw its founder Sir Malcolm Walker, 74, and chief executive Tarsem Dhaliwal, 56, buy back South African investor Brait’s 63% stake for £115m. Iceland’s 900 sites remained open throughout, and it recruited 1,000 new drivers as it more than doubled its capacity to sell online. Managing director Richard Walker, 39 — Sir Malcolm’s son — has spearheaded environmental initiatives, cutting down on the use of palm oil and plastics.

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.

Company details
Year2020
Rank12
CompanyIceland
ActivityFrozen food retailer
LocationNorth Wales
Sales £m3,085
Profit £m137
Year endMar 19
Principal shareholdersSir Malcolm Walker, Tarsem Dhaliwal, other management (100%)
Staff15,800
Founded1970
Websitewww.iceland.co.uk

If applicable:

* Supplied by company † Annualised figure **Estimated