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Organic foray melted profits at Iceland - Food Retailing - Iceland Foods PLC - Brief Article Eurofood - Find Articles (Site not responding. Last check: 2007-10-10) |
 | | UK food retailer Iceland, the food group that at one time aimed to corner 40% of the world's organic vegetable supplies, now says its foray into organic food was ill-fated and cost it more than 20m [pounds sterling] (32.1m [euro]). |
 | | Iceland group sales were up, rising from 852.3m [pounds sterling] to 2.45bn [pounds sterling], but this was mostly down to the acquisition of UK wholesale firm Booker. |
 | | Iceland, the frozen food retail chain, after which the group was named, accounts for only around a third of its revenues. |
| www.findarticles.com /p/articles/mi_m0DQA/is_2001_Dec_6/ai_81105169 (643 words) |