Iceland’s confident start to the year may dampen concerns over the firm’s £550m debt pile, which has sparked rumours of a takeover.
In an interview with the Financial Mail, the group’s newly appointed Chairman, Richard Walker, is adamant his family will have a stake in the Iceland brand “indefinitely”. He stresses that the firm will not face issues refinancing its debt when the time comes to do so, in 2025. “There are no hedge funds circling, and there’s no debt battle looming,” he insists.
Walker’s foray into politics has been another cause of speculation in the City, with some observers claiming it could cause an unnecessary distraction.
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