British retail giant Tesco is in advanced talks to rescue the troubled Irish franchise behind 26 Iceland supermarkets. The company behind Iceland in Ireland, Metron Stores Ltd, went into examinership in June. It employs 344 people and cited high rents, an employee strike, and a product recall of frozen animal products as among the reasons it required restructuring.  There are also believed to be other parties interested in investing in the business, but Tesco is now advancing discussions and due diligence. Tesco had not responded to a request for comment at publication.  The High Court also heard in June that…

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