BWG likely to buy Irish Iceland stores.(News)(BWG Holdings)(Iceland Group PLC)(Brief Article) From: Grocer | Date: August 27, 2005 | COPYRIGHT 2005 William Reed Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information) Copyright information

BWG Holdings, owner of the Spar franchise, is seen as the most likely buyer of some of Iceland's Irish stores, after the company's decision to close down operations in the Republic because of continuing losses.

Seven outlets--six in Dublin and one in Letterkenny, County Donegal--are involved and the company, as well as the shopworkers' union, Mandate, wants any buyer to retain the 160 staff set to lose their jobs. Iceland has agreed to pay their wages until September 15 while efforts to find a buyer go on.

Irish trade sources believe the stores are likely to be broken up ...

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