Asda
This coverage explores Asda’s strategy, operations, and performance within the UK grocery and retail sector. Reporting highlights store and online developments, product ranges, pricing strategies, financial results, leadership decisions, and sustainability initiatives. With a focus on commercial outcomes and competitive positioning, it provides insights for retail professionals managing grocery, value-driven, and multi-channel operations.
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Feb- 2021 -25 FebruaryNews
Asda’s new business plan puts 5,000 jobs at risk
Asda has announced it will transform parts of its business to focus more on online, putting 5,000 jobs at risk. To support the increasing number of customers who are choosing to shop online, the supermarket revealed it intends to expand its “in store pick” model by creating 4,500 new roles…
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23 FebruarySupermarkets
Asda owners consider George spin-off
Asda’s new owners are reportedly considering spinning off George, the fashion label developed by George Davies, in an attempt to cut costs. Industry sources told the Times that the Issa brothers and TDR Capital believe the brand is outside of their area of expertise. While selling the brand outright could…
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19 FebruarySupermarkets
Asda reports sales boost thanks to strong Christmas performance
Asda has reported a solid sales boost in the fourth quarter ended 31 December, with like-for-like sales, excluding fuel, up 5.1% over the Christmas season and 6.9% during the eight week period. Growth was primarily driven by a noticeable shift in consumer behaviour with customers trading up and spending more…
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17 FebruarySupermarkets
Regulator to rule on Issa Brothers’ Asda takeover
The Competition and Markets Authority (CMA) has set a deadline for 20 April for a decision on the acquisition of Asda by TDR Capital and the Issa Brothers. Zuber and Mohsin Issa, alongwith the private equity firm, agreed to purchase a majority stake in the supermarket chain from Walmart in…
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16 FebruarySupermarkets
Asda to donate 150,000 meals to children over half-term
Asda has announced that it will donate 150,000 meals to children over half-term break to help fight holiday hunger. The grocer is also extending its ‘kids eat free’ policy in its cafes, which will allow children under the age of 16 to access a ‘nutritious meal’ when their guardian spends…
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15 FebruarySupermarkets
Asda to donate £2m to help fund apprenticeships
Asda has announced that in celebration of National Apprenticeship Week, it will donate £2m to small businesses to help fund around 400 apprenticeships in local communities across the country. The grocer has “opted” to transfer a portion of its annual funds to pay for apprentices to train in small businesses,…
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12 FebruarySupermarkets
Issa brothers junk bond sale raises £2.75bn
The Issa brothers, Asda’s billionaire buyers, have raised a record-breaking £2.75bn through a sterling junk bond, as investors continue to back the UK’s largest leveraged buyout in over a decade. Moshin and Zuber Issa, together with private equity firm TDR Capital, are set to acquire the supermarket chain for £6.8bn,…
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9 FebruaryClothing & Shoes
M&S bolsters clothing business with senior hires
Marks and Spencer has announced it is strengthening its Clothing and Home leadership team through two new hires, who are both set to “play an important role” in the development of its Never the Same Again programme. The programme, launched last year, is focused on the group becoming “more relevant,…
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3 FebruarySupermarkets
EG Group to acquire Asda’s forecourt business in £750m deal
The EG Group, part of the consortium that is set to acquire ‘Big Four’ Grocer Asda in a £6.8bn deal, has announced it will also acquire Asda’s petrol forecourt business for £750m. EG’s acquisition of the forecourt business is subject to the same CMA regulatory clearance being received by the…
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1 FebruarySupermarkets
Asda prioritises deliveries to support 5,000 nurseries
Asda has announced that it will now be offering priority access to slots in order to support 5,000 nurseries which continue to provide essential childcare services during lockdown. The supermarket chain has gifted its nursery customers with a ‘Priority Pass’, which will allow them to benefit from advance access to…
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