TDR Capital to become majority owner of Asda
Jun 7, 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. This brings the ownership of Asda to 67.5% by TDR Capital, 22.5% by Mohsin Issa, and 10% by Walmart Inc.
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 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. In his first broadcast interview, the ...
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 leadership update
Sep 17, 2024 · Asda has announced that Mohsin Issa is stepping back from his executive leadership role to focus on his previously announced role as sole CEO of EG Group. Stuart Rose will assume Mohsin’s executive responsibilities alongside Rob Hattrell and Asda’s highly experienced leadership team.
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 …
TDR Capital Nears Deal to Buy Billionaire’s Stake in UK’s Asda
Apr 19, 2024 · TDR Capital is closing in on a deal to buy gas-station billionaire Zuber Issa’s stake in Asda as the private-equity firm tightens its grip on one of Britain’s biggest supermarket chains ...
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...
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 News | Asda Latest News - NewsNow
Latest news on Asda Stores Ltd., a British supermarket chain founded in 1949, including updates on store openings and closures, Asda deals and product news.