Waitrose considers bid for Iceland stores
Waitrose managing director Mark Price has indicated that the grocer would consider buying some of the Iceland food stores but would not bid for the entire chain.
"I think whoever gets it we'd be happy to work with, if the shops fitted our demographic. But we wouldn't go in on the basis we'd be the major party," Price said.
A number of retailers have been reported to be interested in buying the the stores which are being sold by creditors of the failed Icelandic bank Landsbanki. Iceland has 750 stores and is expected to be valued at between £1.7 billion and £2 billion.
Price said Waitrose had not started looking at which, or how many, Iceland stores it might be interested in.
He also indicated that Waitrose was considering opening stand-alone Waitrose cafes should the roll out of in-store cafés in on-third of its stores prove successful.
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