TDR Capital to become majority owner of Asda
WEBJul 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.
TDR to acquire majority stake in Asda as Issa brothers split empire
WEBJun 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
WEB6 days ago · 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. Lord Stuart Rose, Asda’s ...
Asda’s private equity owners grilled over debt and worker conditions
WEBJan 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...
Blackburn Issa brothers to split as Asda share sale announced - BBC
WEBJun 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 billionaire boss Issa: 'I've not done bad' - BBC
WEBMar 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.
Asda delivers more than £1bn of underlying profit and significant ...
WEBApr 22, 2024 · Asda has today announced its full year results for the period ending 31 December 2023 – delivering a 24% increase in adjusted EBITDA after rent to £1.078bn driven by like-for-like sales growth from its continued focus on value for customers, and the impact of strategic acquisitions.
Asda billionaire boss Issa: 'I've not done bad' - BBC News
WEBMar 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.
Asda: How to buy a £6.8bn supermarket for £780m - BBC News
WEBFeb 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...
Asda announces record £150m investment to become highest …
WEBJan 3, 2024 · Asda has today announced proposals for a record £150m investment in its retail pay offer to become the highest paying UK grocery retailer as it opens its landmark 1,000th UK store. Today’s announcement will see an 8.4% increase for hourly-paid store colleagues, with rates rising to £12.04 from 1st July**.