The produce section at one of Nettó's stores.

Nettó to Adopt Food in the Nude

News Tagged with “Business”

Vincent Tan to Buy Icelandair Hotels

8 May Icelandair Group is finalizing the sale of an 80 percent stake in its subsidiary Icelandair Hotels.

Minister for Foreign Affairs Guðlaugur Þór Þórðarsson, right, accepts chairmanship of the Arctic Council from Finish Foreign Minister Timo Soini.

Iceland Chairs Arctic Council

7 May Today, Iceland assumed leadership of the Arctic Council for a two-year period.

Hreiðar Her­manns­son, director of Stracta Hotel.

Plans to Establish Airline Canceled

6 May Hreiðar Hermannsson, director of Stracta Hotel in South Iceland, has canceled his plans to found a low-cost airline.

Mat­hi­as Ju­lien Spoerry, Ella Vala Ármanns­dótt­ir and their son, Yoan Þröstur.

Fired up about Wood-Fired Oven

28 Apr People in North Iceland are in for a treat.

Hreiðar Her­manns­son, director of Stracta Hotel.

New Low-Cost Airline Planned

24 Apr An Icelandic hotel director has plans to establish a new low-cost airline.

Holyoake says he has gradually become a great fan of Iceland and that he has acquired a number of friends and acquaintances here.

British investor Mark Holyoake withdraws from Iceland Seafood

18 Feb British investor Mark Holyoake stepped down from the board of Iceland Seafood International earlier this month. He acquired a controlling stake in the company in 2010 and has been involved in its development and acquisition of foreign fisheries companies ever since. He says that the timing is right to withdraw from the board, despite the fact that he will continue to hold a large share in ISI.

The Blue Lagoon is one of Iceland's most popular tourist spots.

Blue Lagoons estimated worth is 50 billion ISK

1 Feb Kólfur hf have made an offer for 19 % shares of the company Hvatning in the Blue Lagoon in Iceland. The offer is pending on an estimated worth of 50 billion ISK of the Blue Lagoon. The largest shareholders have still not decided whether or not they will accept the offer. S

"The planned acquisition of Icelandair Group of Wow air will not go through," said Bogi Nils Bogason, CEO of Icelandair in an announcement this morning.

Icelandair Group's acquisition of WOW air cancelled

29 Nov Icelandair group will not be purchasing WOW air and have cancelled a purchase agreement signed on November 5th. This was a mutual agreement by both airlines. Staff of WOW air have been asked to attend a staff meeting at 10 am this morning.

Monki is aimed at younger women.

Monki to open in Reykjavik next spring

28 Nov This is the second store opening announced by parent company Hennes & Mauritz in a short time as Weekday also announced an opening next spring.

Weekday is a Swedish denim and fashion brand influenced by youth culture and street style.

Weekday to open in Iceland

19 Nov Clothing chain Weekday will be opening a branch in Smáralind shopping mall in Reykjavik next spring. The chain is owned by H&M who already have three branches in Iceland.

Icelandair shares surge following WOW acquisition

5 Nov Shares in Icelandair have surged since today's announcement that they are buying WOW air.

Icelandair have aquired Wow air.

Icelandair buy WOW air

5 Nov Icelandair Group has entered into a share purchase agreement to purchase all shares in the airline WOW air. This was just announced by Icelandair.

The lines outside H&M this morning.

Queues as new H&M store opens in Reykjavik city centre

12 Oct Around fifty to seventy people waited in line to enter the new H&M and H&M Home stores in the new Hafnartorg shopping centre in the heart of Reykjavik.

Davíð Ólafur Ingimarsson.

New director of Guide to Iceland

5 Oct Davíð Ólafur Ingimarsson is the new director of Guide to Iceland. He was previously the assistant director and financial director of the company.

Andri Már Ingólfsson, owner of Primera Air which went bankrupt on Monday.

Primera Air goes under, owner "immensely disappointed"

3 Oct Andri Már Ingólfsson, owner of Primera Air who went under on Monday and asked for suspension of payments says that this conclusion to events is immensely disappointing.

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