TDR Capital takes ownership control of Asda after Issa brother sells stake

Asda shows small decline in third-quarter results, but online business is strong

Private equity firm TDR Capital LLP has taken control of supermarket chain Asda after Zuber Issa split with brother and co-owner Moshin Issa and sold off his stake in the company. TDR Capital now owns 67.5% of Asda, while Moshin has 22.5% and Walmart the other 10%. The deal is expected to be finalized in […]

Cheap veg tops Asda’s list of food trends that will shape the next year

Inexpensive vegetables are expected to become more popular over the next year, according to the newly revealed 2023/24 Food Trends guide released by supermarket Asda. These ‘Everyday Heroes’, led by the surge in interest and demand for potatoes, are one of “seven megatrends” and 120 foods to watch that will shape food and drink development. […]

Lidl makes huge surge in London, surpasses Asda in market share

Retailer roundup: Lidl closes Middlesbrough store after staffers contract Covid-19

Supermarket customers in London continue to look for value in their shops, and that is most evident in the soaring popularity of one discount retail chain. Lidl GB, known for its low prices on all products including its lines of fruits and vegetables, has overtaken Asda and moved into third place in the city with […]