Asda

Issa brothers junk bond sale raises £2.75bn

The Issa brothers, Asda’s billionaire buyers, have raised a record-breaking £2.75bn through a sterling junk bond, as investors continue to…

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M&S bolsters clothing business with senior hires

Marks and Spencer has announced it is strengthening its Clothing and Home leadership team through two new hires, who are…

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EG Group to acquire Asda’s forecourt business in £750m deal

The EG Group, part of the consortium that is set to acquire ‘Big Four’ Grocer Asda in a £6.8bn deal,…

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Asda prioritises deliveries to support 5,000 nurseries

Asda has announced that it will now be offering priority access to slots in order to support 5,000 nurseries which…

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Supermarkets, the unsung heroes

Of all the many seismic changes that 2020 has precipitated, one that may have gone under the radar of most…

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EG Group appoints Lord Stuart Rose as chair

The Issa Brothers’ EG Group has announced the appointment of Lord Stuart Rose as non-executive chairman with immediate effect. Lord…

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Asda paid Walmart £1.1bn dividend before sale, accounts reveal

Asda paid an intercompany cash dividend of £1.15bn to former parent company Walmart in March this year, despite profits being…

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CMA launches inquiry into Issa Bros’ Asda takeover

The CMA has announced the launch of a phase 1 inquiry into the Issa Brothers’ £6.8bn takeover of Asda.  It…

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UK sees grocery boom as shoppers hit stores early

Grocery sales rose by 11.3% in the 12 weeks ended 29 November 2020, the fastest rate of growth since August,…

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Asda gears up for ‘record Christmas’ as Q3 sales rise 2.7%

Asda has revealed it is gearing up for a “record Christmas” after it revealed its like-for-like sales increased by 2.7%…

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