TDR Capital to become majority owner of Asda
WEBJul 6, 2024 · 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 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. Lord Stuart Rose, Asda’s ...
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 ...
Blackburn Issa brothers to split as Asda share sale announced - BBC
WEBJun 8, 2024 · 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 the supermarket group to 67.5%, while 22.5% is still ...
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...
TDR Capital Nears Deal to Buy Billionaire’s Stake in UK’s Asda
WEBApr 19, 2024 · TDR Capital is closing in on a deal to buy gas-station billionaire Zuber Issa’s stake in Asda as the private-equity firm tightens its grip on one of Britain’s biggest supermarket chains ...
Asda announces record £150m investment to become highest …
WEBJan 3, 2024 · Asda has today announced proposals for a record £150m investment in its retail pay offer to become the highest paying UK grocery retailer as it opens its landmark 1,000th UK store. Today’s announcement will see an 8.4% increase for hourly-paid store colleagues, with rates rising to £12.04 from 1st July**.
TDR Capital becomes majority Asda owner by buying out Zuber Issa | News ...
WEBJun 7, 2024 · The private equity giant invested in Asda alongside the Issa brothers in June 2021, when together they took majority ownership of the business. It announced today it had agreed to acquire the entire 22.5% shareholding of Zuber Issa to raise its stake to 67.5%, with Mohsin Issa holding 22.5% and Walmart 10%. The transaction is set to …
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.