Bakkavör plans more food launches after Tesco deal
date:Jun 08, 2012
two Icelandic food entrepreneurs, gst and Lur Gumundsson, who founded the business.

They have said they want to acquire 25%[of the groups shares]and thats very positive, said Gates. Besides bringing new money into the business, which will help leverage, it is a strong signal of commitment[to suppliers and the industry]that they believe in the business.

Gates dismissed reports that the group could be the subject of a takeover bid. Asked whether there was any truth in such speculation, Gates sa
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