Malcolm Walker builds IRC stake

Iceland founder Malcolm Walker has added to his stake in Individual Restaurant Company, the operator of Piccolino and Restaurant Bar & Grill.

Walker acquired 500,000 ordinary shares, taking his interest to 20.29% through his own shares and those of Blackstar (IOM), which he controls.

Earlier this month IRC reported an annual loss of £872,000 on sales of £53.3m for the year to the end of December 2009. IRC operates 22 Piccolinos and 11 RBG.

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