Asda deal to sell petrol forecourts to EG Group terminated October 18, 2021 The Issa brothers have decided to terminate EG Group’s acquisition of Asda’s petrol forecourt business. In an update on Monday, Asda said the termination came after the supermarket and the Issa brothers’ EG were allowed to share commercial information with one another. They had been previously restricted under UK competitive law but a ‘hold separate’ [...]
Ex M&S boss Lord Rose headed for Asda chairman seat November 23, 2021 The former Marks & Spencer chairman and Land Securities chairs have been announced as new appointments to Asda’s board of directors. Asda said Lord Rose (formerly of Marks & Spencer) has been appointed chairman of the retailer while Dame Alison Carnwath (formerly of Vitec and Land Sec) will join as a non-executive director. The pair [...]
Asda sales dip as supermarket charters cargo ship to ensure Christmas stock availability November 29, 2021 Asda has reported a fall in underlying quarterly sales as it said it chartered its own cargo ship to ensure Christmas decorations and toys make it to UK shelves. The supermarket, owned by the billionaire Issa brothers and private equity firm TDR Capital, said like-for-like sales, excluding fuel, fell 0.7 per cent year-on-year in the [...]
Billionaire Issa brothers plot $35bn merger of Asda with their EG Group petrol stations November 27, 2021 The billionaire brothers behind last year’s mammoth acquisition of Asda are now mulling a merger of the grocer with their petrol and forecourts business EG Group. A merger between the two businesses is one of a few strategy options that the Blackburn-based entrepreneurs are considering for their global forecourt empire EG group. If they were [...]
Brand Architekts: Skinny Tan owner inks new deals with Holland & Barrett and Boots July 22, 2024 Brand Architekts, the beauty specialist behind British brands including Skinny Tan and Super Facialist has signed new deals with big name retailers including Asda, Holland & Barrett and Boots to its distributor list, as it continues to battle "challenging" conditions.
Asda adopts permanent hybrid working for office staff July 2, 2021 Staff at Asda head offices will be able to choose where they work on a permanent basis even Covid restrictions are eased and working from home guidance is dropped. The change means around 4,000 staff, most of whom are based in Leeds, will be able to work more flexibly on a permanent basis. Asda said [...]
Asda rolls out one-hour home delivery service across 96 stores October 8, 2021 Asda said this morning it is planning to extend its one-hour express delivery service to 96 stores following a successful trial over the summer. The service gives customers access to Asda’s full online range of more than 30,000 grocery products for delivery within the hour if they live within a three-mile radius of a store [...]
Asda to hire 15,000 workers as first Christmas delivery slots become available today October 19, 2021 Asda said this morning it is seeking to recruit 15,000 workers to help the supermarket giant with the busy Christmas period. It will be hiring the temporary workers for a raft of roles including in its stores, depots and home delivery service. About 500 roles will be based in depots, 1,500 in home delivery roles, [...]
Out with the old, in with the Issas: Asda execs quit as supermarket plots 230 petrol station stores September 3, 2021 In the first full quarter trading update since billionaire brothers Mohsin and Zuber Issa bought Asda for £6.8bn last year, the supermarket chain announced two more top executives were leaving, as it ramps up its petrol convenience store business. The UK’s third-largest supermarket today announced that both chief operating officer Anthony Hemmerdinger and chief strategy [...]
CEO Roger Burnley exits Asda early after £6.8bn acquisition August 6, 2021 Asda has today announced that CEO Roger Burnley has left the company in the midst of its transition to new ownership. Burnley is leaving just months after the UK’s third biggest supermarket group was purchased by the billionaire Issa brothers and the private equity group TDR Capital for £6.8bn. In the process the Issa brothers [...]