Big Food Group
Iceland's holding company was renamed the Big Food Group in Feb 2002, and attempted a refocus on the convenience sector with a bid for Londis. Grimsey remained until the takeover and demerger of the Big Food Group by a consortium led by the Icelandic company, Baugur Group in February 2005. Walker returned to his previous role at Iceland. Under Walker's control Iceland's website contains pages of polemic against Grimsey's period in control.
After Baugur Group collapsed in 2009, a 77% stake in Iceland came into the ownership of the Icelandic banks Landsbanki and Glitnir. In 2012 the stake was purchased by a consortium including Malcolm Walker and Graham Kirkham.
Read more about this topic: Iceland (supermarket)
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