Malcolm Walker takes control of Iceland Mr Walker backed by co-investors Brait of South Africa, Lord Kirkham, founder of the DFS furniture chain, and The Landmark Group, bought Iceland from the liquidators of Landsbanki for £1.45bn. The deal means Iceland's senior management team, including Malcolm Walker, finance director Tarsem Dhaliwal, buying director Nigel Broadhurst and executive director Nick Canning will own 43pc of the company. Andy Pritchard, formerly managing director of Iceland, has decided to retire from the company and is not participating in the buy-out. The acquisition is backed by £860m of debt from Credit Suisse, Deutsche Bank, HSBC, Nomura and RBS. Mr Walker said: "I am utterly delighted that we have been able to conclude a deal that ensures a secure, independent future for this great British company. I know that this will be warmly welcomed by our 23,000 staff.