Iceland retail boss Malcolm Walker today led a £1.45 billion deal to buy back the frozen food chain he founded more than 40 years ago.
The Flintshire-based business was bought back from its creditors, the collapsed Icelandic bank Landsbanki.
Mr Walker and his senior management team already held 23% of the business but will now have full operational and board control
I am utterly delighted that we have been able to conclude a deal that ensures a secure, independent future for this great British company.
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Chilly start to Tuesday, turning into a largely fine and dry day.