Iceland says it exists to help busy mums, and does so by selling low-priced frozen food from more than 800 UK stores. The retailer was founded in 1970 by Malcolm Walker, who floated it, left, but then came back. He regained control in March in a £1.5 billion deal when he bought out the Icelandic owners. Walker and senior members of his team now own 43%, with the remaining 57% owned by Lord Kirkham, founder of DFS, a South African private-equity house, and a Dubai-based retailer. Sales increased 5% to £2.4 billion in 2011. On Friday, Iceland reported sales of £2.6 billion for 2012.
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