Owner puts Iglo / Birds eye up for sale | RetailDetail

Owner puts Iglo / Birds eye up for sale

Owner puts Iglo / Birds eye up for sale

Iglo, Europe's main producer of frozen food, has been put up for sale by its owner, private equity fund Permira. The fund has appointed Crédit Suisse as organiser for the sale of the company behind Captain Iglo and Birds eye, aiming for a selling price of three billion euro.

New owner: private equity or Asian?

The targeted selling price is almost ten times the expected earnings for 2011 (325 million euro) and nearly three times the expected full yearturnover of 1.1 billion euro. The exact business figures will be released in April. Among the possible buyers are, according to analysts, both private equity funds like Blackstone or BC Partners, and Asian companies looking to take over a European food icon. 


Current owners Permira bought Iglo from the British-Dutch food giantUnilever for 1.7 billion euro in 2006. Since then, the Iglo group has been expanding rapidly, incorporating the Italian branch of competitorFindus in 2010 and witnessing profit growths of 8% and more per year since 2008. 


Market leader throughout Europe

Iglo Group is market leader in frozen foods in Austria, Belgium, Germany, Italy, Portugal, the UK and Turkey; number two in Ireland and the Netherlands and number five in France. The group is also expanding rapidly in Central and Eastern Europe, serving the Bulgaria, Czech Republic, Greece, Hungary, Romania, Russia, Slovakia and Slovenia.

Questions or comments? Please feel free to contact the editors

H&M opens web shop on Tmall


Swedish H&M has been through a difficult year with a turnover drop. It presented a new strategy that focuses more on online sales and its first towards that strategy is a web shop on Chinese platform Tmall.

Guess' turnover grows, but company suffers loss


Fashion company Guess has managed to boost its turnover in 2017, but it did suffer a near 8 million dollar loss compared to the nearly 25 million dollar profit from 2016.

C&A expands web shop to 11 new countries


Clothing chain C&A introduced another eleven countries to its web shop, instantly more than doubling the range of its online activities.

New Esprit CEO hails from New Look


Fashion chain Esprit will get a new CEO: Jose Manuel Martínez will leave the company and pass on the baton to Anders Kristiansen. New Look’s former CEO has to bring growth to Esprit, particularly through ambitious plans for China.

Dior exchanges Belgian CFO for British one


After eleven years as Dior Homme’s Chief Creative Officer, Belgian Kris Van Assche is to leave the fashion label to find new challenges. British designer Kim Jones will replace him.

Suitcase brand Rimowa cancels all dealer contracts


Suitcase brand Rimowa, part of luxury group LVMH since 2016, has stopped all of its dealer contracts. It wants to initiate a new procedure soon and only a fraction of the current dealers will get a new contract.

Back to top