Asda

CMA launches inquiry into Issa Bros’ Asda takeover

The CMA has announced the launch of a phase 1 inquiry into the Issa Brothers’ £6.8bn takeover of Asda.  It…

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UK sees grocery boom as shoppers hit stores early

Grocery sales rose by 11.3% in the 12 weeks ended 29 November 2020, the fastest rate of growth since August,…

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Asda gears up for ‘record Christmas’ as Q3 sales rise 2.7%

Asda has revealed it is gearing up for a “record Christmas” after it revealed its like-for-like sales increased by 2.7%…

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New Asda owners sell stake in EG holding company

The Issa brothers, the new billionaire owners of supermarket giant Asda, have reportedly generated hundreds of millions of pounds by…

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Asda opens new sustainability store

Asda has opened a new sustainability trial store and unveiled a new plastics reduction strategy that pledges that customers will…

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Deloitte resigns as EG auditors amid Asda acquisition

EG Group has appointed KPMG as its auditors after Deloitte resigned from the role due to “concerns over its governance…

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New Asda owners considering £3bn George sale

The Issa brothers, the new owners of ‘Big Four’ grocer Asda, are reportedly considering a £3bn sale of its clothing…

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Asda sold at £6.8bn to billionaire Issa brothers

Walmart has confirmed the Issa brothers and TDR Capital have taken equal shareholdings in an acquisition of Asda which values…

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Lone Star drops out of Asda race

US private equity firm Lone Star has reportedly dropped out of the £6.5bn race to acquire Asda from Walmart. According…

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Is COVID-19 making retailers adopt packaging automation faster?

 If you’re an online retailer you are likely to have witnessed a peak in sales during the lockdown as more…

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