Subway sold to Dunkin Donuts’ owner Roark Capital in £7.55bn mega-deal August 24, 2023 Subway has agreed to sell itself to private equity firm Roark Capital, the owner of Dunkin Donuts and Arby’s, in a deal rumoured to be worth $9.55bn (£7.55bn). Earlier this year the sandwich maker said it was exploring options to sell the business, which has been in hands of the DeLuca and Buck families for [...]
Walmart revives talks on sale of Asda stake July 20, 2020 Walmart has revived talks to sell a stake in Asda after pausing plans to focus on the impact of the coronavirus pandemic. The US giant, which is the largest retailer in the world, said it had restarted discussions with potential buyers after it was forced to temporarily abandon the move. “Walmart and Asda have restarted [...]
If retail execs didn’t already know it, Black Friday is finally over November 29, 2023 We stole Black Friday from the US, and the Americanism is falling out of favour with Brits getting a few pennies off, writes Simon Neville
Issa brothers in talks to sell petrol station empire May 1, 2022 The owners of Asda are in talks to offload their petrol forecourt business, according to a report in the Sunday Telegraph. The Blackburn-based Issa brothers have been in discussions with a Canadian shopping giant, Couche-Tard. The forecourt business has been remarkably successful for the Issa brothers and their firm, EG Group. It is said to [...]
UK supermarket giants launch £675m cartel lawsuit against fish farmers March 6, 2024 Several UK supermarket giants have bound together to launch a competition claim against different fish farmers, accusing them of operating a cartel-like operation. Asda, Iceland, Marks and Spencer, Ocado, Morrison, International Seafoods, Aldi and the Co-Op have all brought a lawsuit to the Competition Appeal Tribunal (CAT). The claims are against fish farmers, Seashore, Cermaq, [...]
EG Group: Issa brothers fry off entire KFC franchise to slash debt mountain December 6, 2023 EG Group, the debt-laden petrol group owned by the billionaire Issa Brothers, has offloaded all of its franchise KFC sites in the UK and Ireland to the US multinational behind the fried chicken empire.
Walmart confirms Asda sale to billionaire UK brothers in £6.8bn deal October 2, 2020 Asda is back in British ownership after Walmart today agreed a sale to the Blackburn-based Issa brothers in a £6.8bn deal.
Co-op boss Shirine Khoury-Haq quits Persimmon board role to focus on day job April 30, 2024 The chief executive of The Co-operative Group has quit her role at house builder Persimmon.
Food in 30 minutes: Sainsbury’s is latest to strike delivery deal with on-demand app Just Eat January 16, 2023 Sainsbury’s shoppers can prepare for groceries at the doorstep in just 30 minutes after as Britain’s second largest supermarket struck a deal delivery app with Just Eat. With the Just Eat app, customers will be able to order items from Sainsbury’s and have them arrive at their doorstep in under half-an-hour. The on-demand service will [...]
Co-op’s revenue ticks down but group looks forward to ‘golden era’ of growth April 4, 2024 The Co-op board said it was confident in the group’s outlook for the year, as it steams ahead with plans to target eight million members by the end of the decade.