Asda

New Asda owners sell stake in EG holding company

The Issa brothers, the new billionaire owners of supermarket giant Asda, have reportedly generated hundreds of millions of pounds by…

Read More »

Asda opens new sustainability store

Asda has opened a new sustainability trial store and unveiled a new plastics reduction strategy that pledges that customers will…

Read More »

New Asda owners considering £3bn George sale

The Issa brothers, the new owners of ‘Big Four’ grocer Asda, are reportedly considering a £3bn sale of its clothing…

Read More »

Asda sold at £6.8bn to billionaire Issa brothers

Walmart has confirmed the Issa brothers and TDR Capital have taken equal shareholdings in an acquisition of Asda which values…

Read More »

Lone Star drops out of Asda race

US private equity firm Lone Star has reportedly dropped out of the £6.5bn race to acquire Asda from Walmart. According…

Read More »

Asda future could be decided this week as takeover deadline looms

The future of ‘Big Four’ grocer Asda could be decided as early as this week, as rival private equity firms…

Read More »

Ex-Asda and Debenhams chiefs in rival £6.5bn bids for Asda

Retail bosses Paul Mason and Rob Templeman are reportedly set to launch rival £6.5bn bids for supermarket giant Asda. According…

Read More »

Grocery growth slows as market eases out of lockdown

The latest grocery market share figures from Kantar show take-home grocery sales growth slowed to 14.4% year on year during…

Read More »

Asda sees Q1 sales rise 3.5%

Big four grocer Asda has reported a 3.5% like-for-like sales rise during the first quarter of the year following a…

Read More »

EG Group to vie with equity firms for Asda stake

The EG Group, owned by petrol station billionaire brothers Zubin and Moshin Issa, is reportedly among a number of interested…

Read More »