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YOU WONT BELIEVE: Tdr capital | Mind Blowing Facts

Asda delivery decision set to impact 1,200 staff at supermarket chain

The private-equity owned chain confirmed proposals to shift distribution for George.com to DHL from January 2027

The Independent UK

Asda plans to outsource George.com delivery in move impacting 1,200 staff

The move comes in response to the significant expansion of George.com in recent years.

Evening Standard

Asda to raise £568m in store sell-off as sales continue to fall

Supermarket still losing market share despite effort under Allan Leighton to win over customers with price cuts

The Guardian - UK

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MPs raise concerns over Asda’s link to app offering high-interest loans to staff

Retailer’s owner has stake in Wagestream, which offers workers loans of up to £25,000

The Guardian - UK

‘Asda turnaround could take three to five years’: Allan Leighton returns to run retailer

Exclusive: The 71-year-old, who left in 2000, says he has three priorities to revive the supermarket chain for a second time

The Guardian - UK

Asda boss says £100m hit from Labour budget could affect wages and hiring

Shares in UK retailers fall as investors digest Rachel Reeves’s changes to NICs and tax thresholds

The Guardian - UK

At Asda and Morrisons it was always about financial engineering

The need to keep the buyout arithmetic on track has been a drag on performance, and neither deal was aimed at growth

The Guardian - UK

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Union calls for urgent action to protect jobs as Asda ‘fights for survival’

GMB accuses owner TDR Capital of mismanagement as sales at supermarket fall 6%

The Guardian - UK

Asda-owning Issa brothers divide their empire as Zuber sells supermarket stake

Union warns of risks to shoppers and staff after sale of younger brother’s 22.5% stake to private equity co-owner TDR Capital

The Guardian - UK

End of Issa brothers' close partnership as Zuber Issa exits Asda, quits as EG Group Co-CEO

The brothers had jointly built up a retail and petrol forecourt empire over years

Evening Standard

The UK’s most expensive supermarket petrol revealed

The RAC analysis found that across all UK forecourts, the average price of petrol fell by 2.4p per litre last month to 147.9

The Independent UK

Asda now the most expensive UK supermarket to buy fuel, study shows

Chain once prided itself on selling the cheapest fuel but RAC analysis shows it is now the dearest

The Guardian - UK

Billionaire Issa brother nears deal to sell Asda stake to TDR Capital

Zuber Issa began talks earlier this year about selling his stake in Asda, and plans to step back as co-chief executive officer of EG Group

Evening Standard

Asda owners used petrol forecourt firm to repay private jet loans

Billionaire Issa brothers borrowed $7m from EG Group in 2022 to repay debt taken on to buy jets

The Guardian - UK

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The Guardian - UK

Issa brother ‘eyes sale’ of Asda stake to focus on petrol station business

Zuber Issa reportedly in talks to offload 22.5% share of supermarket in parting of ways with co-owner brother

Evening Standard

TDR Capital's phantom menace

The co-owners of Asda, private equity firm TDR Capital, got a grilling before Parliament on Tuesday. They sought to convince the Business and Trade Committee that they were maximally transparent with the business — even though most of their activities are based in Jersey where they don’t have to disclose…

The Guardian - UK

Bumpy ride for billionaire brothers who banked on Asda’s success

Blackburn’s Moshin and Zuber Issa took over the supermarket promising investment to make it the UK’s second-largest chain, but the pandemic and cost of living crisis meant it did not go to to plan

Birmingham Post

What Asda's £2.3bn deal means for prices, jobs and the future of EG Group

BusinessLive has taken a look at the deal in depth and what it could mean for each company and their customers

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Manchester Evening News

Asda to buy group founded by billionaire Issa brothers for over £2bn

Mohsin and Zuber Issa started out with a single petrol station forecourt in Bury, Greater Manchester more than 20 years ago

Birmingham Post

Billionaire Issa brothers confirm Asda to buy UK operations of EG Group for over £2bn

The deal is expected to be completed in the fourth quarter of 2023

The Guardian - UK

Asda poised to announce £10bn merger with petrol stations group EG

Deal would help Asda move into convenience retailing and cut costs at merged entity by about £100m, as well as reduce EG’s debts

Birmingham Post

Billionaire Issa brothers to announce £10bn merger between Asda and EG Group

Both EG Group and Asda are chaired by former Marks & Spencer and Ocado Group chair Lord Rose

Birmingham Post

Asda issues statement after being accused of threats to cut pay of 7,000 staff

Asda is owned by the billionaire Issa brothers and TDR Capital

Birmingham Post

GMB Union calls on Kemi Badenoch to intervene in Issa brothers' proposed £12bn merger of Asda and EG Group

If a merger is completed, it would create a group with 581 supermarkets, 700 petrol forecourts and more than 100 convenience stores

Birmingham Post

Profits dip at Asda as shoppers hit by cost-of-living crisis in first full year of ownership by billionaire Issa brothers

The billionaire Issa brothers bought Asda alongside private equity backers TDR Capital in early 2021

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