TDR to acquire majority stake in Asda as Issa brothers split empire
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 co-owner Mohsin Issa to step back from running supermarket
Sep 18, 2024 · Asda’s billionaire co-owner Mohsin Issa will step down from running the UK’s third-largest supermarket chain, which has lost market share to rivals in recent months.
What's gone wrong at Asda? | Business News | Sky News
Aug 13, 2024 · Asda failed to appoint a successor despite making overtures to several big names in the industry and, in early 2022, the search was suspended.
Asda’s private equity owners grilled over debt and worker conditions
Jan 9, 2024 · The private equity owner of UK supermarket chain Asda defended its controversial buyout of the business, as it faced a grilling from politicians. TDR Capital, which acquired Asda in a £6.8bn...
TDR Capital to become majority owner of Asda
Jul 6, 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.
Asda announces record £150m investment to become highest …
Jan 3, 2024 · Asda has today announced proposals for a record £150m investment in its retail pay offer to become the highest paying UK grocery retailer as it opens its landmark 1,000th UK store. Today’s announcement will see an 8.4% increase for hourly-paid store colleagues, with rates rising to £12.04 from 1st July**. Rates for inside the M25 will rise ...
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 …
'How long do we have to wait?': Equal pay legal challenge against Asda …
Sep 9, 2024 · A legal challenge against one of Britain’s biggest supermarkets that has rumbled on for 10 years finally reaches court today, as more than 60,000 Asda workers accuse the company of sex...
Asda boss warns over food price caps as EG Group deal sealed - BBC News
May 30, 2023 · His comments came as Asda agreed to buy the UK and Ireland business of petrol station giant EG Group for £2.27bn. The deal will see Asda step up its growth in the convenience food sector.
Asda billionaire boss Issa: 'I've not done bad' - BBC
Mar 1, 2024 · 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.
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