Asda co-owner Mohsin Issa to step back from running supermarket
WEBSep 18, 2024 · 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.
What's gone wrong at Asda? - Sky News
WEBAug 13, 2024 · Asda failed to appoint a successor despite making overtures to several big names in the industry and, in early 2022, the search was suspended.
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 ...
TDR Capital to become majority owner of Asda
WEBJun 7, 2024 · TDR Capital to become majority owner of Asda. 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.
Asda leadership update
WEBSep 17, 2024 · Asda continues to progress its search to recruit a CEO to lead the business in the next phase of its strategy and will update in due course. The shareholder group have invested £3.8bn during the last three years to build …
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.
Issa brothers to split as Asda share sale announced
WEBJun 8, 2024 · Issa brothers to split as Asda share sale announced. 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...
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’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...
Asda billionaire boss Issa: 'I've not done bad' - BBC
WEBMar 1, 2024 · The 52-year-old has been the architect of Asda Express, the convenience store aiming to rival the likes to Tesco Express and Sainsbury's Local.