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.
Asda boss warns of £100m hit from ‘big burden’ Labour Budget
6 days ago · Asda has become the latest supermarket to warn of rising prices due to tax changes in last week’s Budget which will hit the retailer with £100 million in extra costs. Chairman Lord Stuart Rose ...
UK supermarket Asda 'lost the plot' but is fixable, says chairman
6 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 the company 100 million pounds ($130 million). The group, majority owned by private equity firm TDR Capital, said its like-for-like sales fell by 4.8% in the third quarter to end-September, a slight ...
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 billionaire boss Issa: 'I've not done bad' - BBC News
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.
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 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.
Asda reveals higher finance costs as boss defends debt structure - Sky News
Dec 20, 2023 · Asda faces increased interest payments of at least £30m from February as loans taken on by the billionaire Issa brothers to fund the £6.8bn purchase of the supermarket start to become due.
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 …
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...