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 co-owner Mohsin Issa to step back from running supermarket
Sep 18, 2024 · Asda’s billionaire co-owner Mohsin Issa will step down from running the UK’s third-largest supermarket chain, which has lost market share to rivals in recent months.
TDR Capital to become majority owner of Asda
Jul 6, 2024 · TDR Capital, a UK-based private equity firm, has agreed to acquire Zuber Issa's shares in Asda, making it the largest shareholder of the supermarket chain. The transaction is expected to complete in Q3 2024, and Asda is looking for a new CEO to lead its growth strategy.
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.
Asda’s private equity owners grilled over debt and worker conditions
Jan 9, 2024 · TDR Capital, which acquired Asda in a £6.8bn deal in 2020, has faced scrutiny over the billions of pounds of debt it used to finance the acquisition.
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 · 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 the supermarket group to 67.5%, while 22.5% is still ...
Asda bought by billionaire Issa brothers in £6.8bn deal - BBC News
Oct 2, 2020 · Two billionaire brothers from Blackburn have won the battle to buy Asda from Walmart of the US, in a deal valuing the supermarket chain at £6.8bn.
Asda announces record £150m investment to become highest …
Jan 3, 2024 · Asda announces proposals to increase hourly pay by 8.4% for store and express colleagues, bringing rates to £12.04 and £13.21 respectively. The investment follows a 10% increase in 2023 and a 28% total increase since 2021, …
Asda: How to buy a £6.8bn supermarket for £780m - BBC News
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...