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Iceland plans 250 new stores | Fortnum & Mason launches subscription service | Cineworld to exit dozens of cinemas
Iceland is looking for up to 250 new sites for its Food Warehouse stores as part of its national expansion plan.
Crawley, Brighton, Salisbury and Dundee are among the locations already named by frozen food experts as places where they would like to open new stores.
First launched in 2014, Food Warehouse stores are typically located in retail parks and are around three times larger than traditional stores in Iceland.
Fortnum & Mason launches subscription service to deliver refills of tea, cookies and jams to your door every month.
The department store is offering three subscriptions, starting with Tea Post, which costs £100 a year and gives customers a year’s supply of monthly refills of a range of tea blends.
It also comes with a porcelain mug with customizable initials, can and strainer.
Biscuit Post costs £20 a month and offers refills of the popular Toffolossus, Chocolossus or Gingerlossus biscuits, available in three, six or 12 month subscriptions.
The third subscription, called Teatime Dispatch, offers a selection of tea and biscuits, plus a choice of jams or marmalades.
It costs £25 per month and is available in three, six or 12 month subscriptions.
Cineworld is drawing up plans to close dozens of UK cinemas as part of a radical restructuring that would also include major rent cuts.
Sky News has learned that the company, which until last year was listed on the London Stock Exchange, is considering closing around a quarter of its roughly 100 UK multiplexes.
Cineworld also wants to renegotiate leases on a further 50 locations, with the remaining 25 untouched by the restructuring.
Sources said the proposals are expected to be formally presented to creditors, including landlords, in the coming weeks.
Read the full exclusive article by Mark Kleinman here…