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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Oct- 2020 -15 OctoberSupermarkets
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 and internal controls’’, according to sources close to the matter who spoke with the Financial Times. The UK petrol station company’s billionaire owners recently agreed to a deal to acquire…
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11 OctoberSupermarkets
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 arm George. According to the Mail on Sunday, industry sources have told the paper that the sale of George is one of several strategies being considered by the new owners…
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2 OctoberSupermarkets
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 the supermarket at £6.8bn. The two groups have now acquired a majority stake in Walmart’s wholly-owned UK business on a debt-free and cash-free basis, and the transaction is expected to…
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Sep- 2020 -23 SeptemberSupermarkets
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 to the Telegraph, Lone Star was unable to meet the asking price asked by Walmart, leaving its rival Apollo in pole position for the grocer. However, reports also suggest that…
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21 SeptemberSponsored Articles
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 consumers switch to e-commerce. According to the latest Online Retail Index from IMRG and Capgemini, the overall retail sales in June surged an impressive 33.9% year-on-year. Sounds great, but the…
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7 SeptemberSupermarkets
Asda future could be decided this week as takeover deadline looms
The future of ‘Big Four’ grocer Asda could be decided as early as this week, as rival private equity firms reportedly finalise their bids. According to The Telegraph, bids for the grocer, which is valued at around £6.5bn, are due today (Monday 7 September) with private equity firms Apollo Global…
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Aug- 2020 -21 AugustHigh Street
Ex-Asda and Debenhams chiefs in rival £6.5bn bids for Asda
Retail bosses Paul Mason and Rob Templeman are reportedly set to launch rival £6.5bn bids for supermarket giant Asda. According to Sky News, the former Asda and Debenhams chief executives are being lined up to front bids from Apollo Global Management and Lone Star Funds respectively. It comes after Walmart,…
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19 AugustSupermarkets
Asda delivers ‘record’ online sales in Q2
Asda has announced that like-for-like sales, excluding fuel, increased by 3.8% year-on-year in the quarter ended 30 June. In its second quarter of trading, the supermarket also delivered “record” online sales, with online grocery sales doubling, while click-and-collect sales quadrupled in the period. According to the group, transactional data shows…
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18 AugustSupermarkets
Grocery growth slows as market eases out of lockdown
The latest grocery market share figures from Kantar show take-home grocery sales growth slowed to 14.4% year on year during the 12 weeks to 9 August 2020. Kantar said the figures show the market is beginning to move away from the “heady heights” of the lockdown period, with a grocery…
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Jul- 2020 -20 JulyClothing & Shoes
UK retailers call for ‘urgent action’ to end labour exploitation
A number of fashion retailers including Asos, Missguided, River Island and M&S have called on the Home Secretary, Priti Patel, to take “urgent action” to address exploitation in the UK’s fashion supply chain. Retailers including George at Asda, Joules, Matalan, Morrisons, Mountain Warehouse, N Brown, Next and The Very Group,…
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