Iceland’s Arion Bank has today advertised the convenience store chain 10-11 for sale. The bank has owned the chain since it took over the bankrupt estate of Hagar. Read the full story

The financial crimes unit at Reykjavik police yesterday arrested and questioned 15 managers and staff of DIY chains Byko and Husasmidjan as part of an ongoing investigation into alleged breaches of competition laws. Read the full story

Both of Iceland’s biggest D.I.Y chains, Byko and Husasmidjan, have had their head offices searched and bosses arrested this week. Read the full story

The resolution committees of Landsbanki and Glitnir, two of Iceland’s failed banks, are expecting a ISK 50 billion (EUR 311.1 million) payout from Britain’s Iceland Foods. Read the full story

Arion Bank says it intends to split the 10-11 chain of convenience stores from the estate of Hagar and sell it off. It is not anticipated that other retail chains within the Hagar group will be sold separately. Former Hagar owners Jon Asgeir Johannesson and his father Johannes Jonsson will explicitly not be allowed to buy 10-11. Read the full story

New rules are being called for across Danish City Councils to deal with what are seen as increasingly problematic street vendors. Read the full story

Retail strikes will take place across Finland on Friday, after a compromise was rejected by the Finnish Service United Union (PAM). Read the full story

Jon Asgeir Johannesson, the former boss of now-bankrupt Baugur Group is preparing to open a three-store chain of low cost supermarkets in London. Read the full story

The Reykjavik District Court has ordered Hagar to pay ISK 315 million in fines for abuse of market position. Read the full story

Iceland’s Arion Banki has decided to list retail giant Hagar on the Reykjavik stock exchange as a public listed company. Read the full story