Asda to cut 475 jobs and reduce hybrid working - BBC News
Nov 6, 2024 · This brings the ownership of Asda by TDR Capital to 67.5%. Mohsin Issa, who stepped back , external from his executive leadership role in September, owns 22.5 %, while 10% is still held by Walmart.
UK supermarket Asda 'lost the plot' but is fixable, says chairman
5 days ago · Asda, Britain's third largest supermarket, "lost the plot" but can be fixed, its chairman said on Friday as it reported another slide in sales and warned measures in last week's budget would cost ...
Asda warns there will be 'consequences' and 'cannot rule it out'
5 days ago · A Asda boss says £100m hit from Labour budget could affect wages and hiring. Asda has warned that measures in the Labour Party government’s budget will be a “big burden” for the supermarket chain, costing it £100 million.. Stuart Rose, the former boss of Marks & Spencer and Topshop, who is running Asda, said the increase in employers’ NICs and …
TDR to acquire majority stake in Asda as Issa brothers split ...
Jun 7, 2024 · Zuber Issa, who owns Asda with his brother Mohsin, has agreed to sell his stake in the British supermarket chain to co-owners TDR Capital in a deal that will make the private equity firm the ...
Asda leadership update
Sep 17, 2024 · Asda continues to progress its search to recruit a CEO to lead the business in the next phase of its strategy and will update in due course. The shareholder group have invested £3.8bn during the last three years to build a bigger and better Asda for the long term.
TDR Capital to become majority owner of Asda
Jun 7, 2024 · Funds managed by TDR Capital LLP, a leading UK-based private equity firm, have today announced that they have agreed to acquire Zuber Issa’s shares in Asda. Mohsin Issa remains a co-owner in Asda alongside TDR Capital.
Blackburn Issa brothers to split as Asda share sale announced - BBC
Jun 8, 2024 · Issa brothers to split as Asda share sale announced. Businessman Zuber Issa has sold his stake in Asda to the supermarket chain's private equity backer. The sale brings TDR Capital's share in...
Asda boss warns over food price caps as EG Group deal sealed - BBC News
May 30, 2023 · The Asda chairman has warned of "unintended consequences" if the government asks supermarkets to impose price caps on basic food.
Asda delivers more than £1bn of underlying profit and significant ...
Apr 22, 2024 · Announced a record £150m investment in retail pay in Q1 2024 to make Asda the highest paying traditional supermarket. Rates increasing by 8.4% for hourly-paid store colleagues in Asda Retail and Asda Express, rising to £12.04 from 1st July. Rates inside the M25 will rise to …
Asda billionaire boss Issa: 'I've not done bad' - BBC
Mohsin Issa, one half of the so-called "billionaire brothers" who own Asda, says he plans to hand over the running of the UK's third biggest supermarket.