Asda

The supermarket deal, valued at around 6.8-billion pounds ($8.8-billion), follows an auction process for Asda over several months and returns the 71-year-old supermarket company back into British ownership after 21 years, a development welcomed by UK Chancellor Rishi Sunak. PHOTO: COLLECTED
Global Economy

UK watchdog to rule on $9.5 billion Asda takeover by April 20

Private equity firm TDR Capital and brothers Zuber and Mohsin Issa agreed in October to buy a majority stake in Britain’s third largest grocer from US group Walmart

The supermarket deal, valued at around 6.8-billion pounds ($8.8-billion), follows an auction process for Asda over several months and returns the 71-year-old supermarket company back into British ownership after 21 years, a development welcomed by UK Chancellor Rishi Sunak. PHOTO: COLLECTED
Corporates

Indian-origin billionaire brothers win bid to buy UK supermarket chain Asda

FILE PHOTO: A worker pushes shopping trolleys at an Asda store in West London, Britain, April 28, 2018. REUTERS/Toby Melville/File Photo
Global Economy

Walmart sells Asda to EG-TDR consortium for $8.8 billion

Activist group Remake says Asda is refusing to accept a percentage of George orders and is imposing discounts on suppliers. Photo: The Grocer
RMG

Asda criticised for Bangladesh RMG sector crisis