H&M Home store to open in Reykjavik in October

12 Sep A 2.400 square metre H&M Home store will open its doors in the Reykjavik city centre on October 12th. It will be located in the new buildings at Hafnartorg square by the harbour.

Troublesome times for WOW air.

WOW air hope to secure capital for the company

12 Sep WOW air who reported losses this summer are hoping to secure capital for the company. Morgunblaðið sources report that the company is hoping to secure at least 50 thousand USD in consultation with financial firms by issuing bonds.

Hilmar Veigar Pétursson of CPP.

Icelandic game company CCP bought by Pearl Abyss

6 Sep Black Desert Online developer Pearl Abyss announced this morning that they will be acquiring CCP Games, creators of popular spaceship MMORPG Eve Online.

This is what the watches will look like.

ICE-SAR watches available soon

30 Aug A large Swiss watch manufacturer, Luminox, has teamed up with the Icelandic Search and Rescue Association (ICE-SAR) to manufacture a line of watches with the association’s logo, Morgunblaðið reports.

Icelandair CEO resigns

28 Aug Icelandair President and CEO Björgólfur Jóhannsson has resigned, according to Morgunblaðið. Bogi Nils Bogason, the company’s CFO, will replace him as interim president and CEO, at the request of the board of directors.

An article from a Japanese magazine 
 owned by 7-11, Japan’s biggest grocery chain, on Ísey skyr.

ÍSEY Skyr from MS Enters the Japanese Market

31 May On Tuesday 29 May, Icelandic dairy company MS signed a production and branding agreement for Ísey Skyr with Nippon Luna, a dairy company owned by Nippon Ham, which is one of Japan’s largest fresh and frozen food companies and the world’s fourth largest meat producer. Nippon Ham, which has an annual turnover of ISK 1300 billion, expects Ísey Skyr to strengthen the company’s standing in the Japanese dairy market.

Jim Ratcliffe is Britan's richest man.

Landowner in Iceland named richest person in Britain in Sunday Times

14 May Jim Ratcliffe, who owns several lands and salmon rivers in Iceland is Britan's richest man, according to yesterday's Sunday Times.

Katrín Jakobsdóttir accepts the Icelandic brand.

Icelandic Group turns over Icelandic brand to the Icelandic nation

13 Apr Yesterday, the the representatives of Icelandic Group ehf, turned over ownership of the brands Icelandic and Icelandic Seafood to Prime Minister Katrín Jakobsdóttir, as a representative of the Icelandic nation.

Óli, or Ólafur, in front of Hagavagninn, an old hot dog stand at Vesturbæjarlaug.

Hamburger haven to open next to West Reykjavik swimming pool

17 Mar The hot dog stand next to Vesturbæjarlaug swimming pool will be transformed into a gourmet food truck by May. The new manager is Ólafur Örn Ólafsson, known for managing Michelin star restaurant Dill and food market Krás in the city centre.

Reykjavik's first large scale data center to be built in Reykjavik this year

28 Feb Reykjavik's first large scale data center will be built this year at Korputorg. Agreements were signed on Sunday the 26of February 2018. The sustainable, free-cooling, Tier III state-of-the-art datacenter will be owned by Opin Kerfi,

This is what the packaging will look like for the US market.

Lýsi now marketed in the US

6 Feb Icelandic Trademark Holding,owner of the trademarks Icelandic, Icelandic Seafood and Margildi ehf., have signed a licencing contract for the marketing and sale of Icelandic fish oil using the brand name Icelandic Fish Oil in the US. Distrubution and sale will commence later this year.

Siggi's skyr is made with milk from farmers in the New York district.

Siggi's skyr sold to French dairy company

5 Jan Lactalis, a French dairy company has bought Siggi's skyr, a company owned by an Icelander which sells skyr in 25 thousand stores in the US.

Gray Line coaches.

Merger of Iceland Travel and Gray Line

9 Aug 2017 According to an announcement, an agreement has been reached on the merger of Iceland Travel ehf., which is fully owned by Icelandair Group and Gray Line Iceland., which is jointly owned by the founders of the company and Akur fjárfestingar slhf. Following the merger, Icelandair Group will own 70% of the merged company, while the owners of Gray Line will own 30%.

Owner Erna Kaaber says that deep fried food is not unhealthy if you use the right ingredients.

Icelandic Fish and Chips open New York Branch

14 Jun 2017 On June 25th, Icelandic Fish and Chips, which as the name implies is an Icelandic fish and chips restaurant, opens a branch in New York.

Costco has lowered the price of this TV by six thousand ISK since its opening.

Icelanders fall in love with Costco

29 May 2017 The arrival of Costco in Iceland has had an extremely welcome reception by Icelanders and over 60 thousand people have joined a Facebook page where people compare prices and their experience of the store.

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