Iceland Foods is in the news as UK shoplifting surges, highlighting ongoing retail crime issues. Founded in 1970, it’s a major frozen food chain in Britain.
Sainsbury’s has terminated discussions with JD.com regarding the sale of Argos, citing terms not in shareholders' best interests. The move follows earlier plans to sell or spin off Argos, which has struggled amid declining sales and strategic shifts. The retailer remains committed to transforming Argos within its broader strategy.