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.
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.
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’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...
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 …
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...
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 profits up 24% to £1.1bn in 2023 - Sky News
Apr 22, 2024 · Profits at the UK's third-biggest supermarket chain grew 24% in 2023, topping more than £1bn in a year where households struggled with the cost of living. Asda said its bottom line was boosted by ...
Asda: How to buy a £6.8bn supermarket for £780m - BBC News
Feb 16, 2021 · Asda has new owners. The Issa brothers, two entrepreneurs from Blackburn who made billion-pound fortunes running petrol stations, have completed the deal to buy Britain's third-largest...