Food retailer Iceland sells all 27 stores in Republic to new franchise owner 

The new owner has been name as The Project Point Technologies. Picture: Robbie Reynolds

Food retailer Iceland has sold all the 27 stores it directly owns in the Republic to a new owner which it says will operate the outlets and around 450 staff on a franchise basis.    

The new owner has been named as The Project Point Technologies, whose  director Naeem Maniar has links to a number of other grocery and supermarket outlets in the Republic.