21 March 2000
Iceland backs off from BhS

ICELAND, the food retailer is expected to announce on Tuesday (21 March) that it is no longer interested in making a bid for Storehouse – the BhS and Mothercare group.

Chief executive Malcolm Walker, who is due to reveal annual results, will issue a statement saying tentative talks with Stonehouse are at an end, reports the Financial Times.

Iceland revealed earlier this month that it was in talks with loss-making Stonehouse.