CMA

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 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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Studio exploring sale options as profits surge 52%

Studio Retail Group (SRG) has announced it is exploring sales options after seeing half-year profits increase 52% to £17.7m. For…

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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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JD Sports enters race for Debenhams

JD Sports has reportedly entered the race to acquire embattled department store Debenhams, and has been granted access to Debenhams’…

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Tribunal reverses CMA’s block of JD Sports’ Footasylum takeover

The Competition Appeal Tribunal (CAT) has overturned the Competition and Market Authority’s (CMA) decision to block JD Sports’ acquisition of…

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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…

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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…

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CMA clears Amazon’s Deliveroo investment

The Competition and Markets Authority (CMA) has approved Amazon’s 16% investment in Deliveroo, after finding that it will not “substantially…

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