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 […]

Co-op implements lower prices on fresh produce in convenience stores across UK

Co-op has reduced the costs of more than 50 lines of fruits and vegetables to help cash-strapped consumers while keeping pace with pricing from competitors. Noting that price reductions are still critical in a tight economy for British shoppers, the retailer is providing savings in the most impactful section of its convenience stores – healthy […]

Co-op strikes deal with Just Eat on online home delivery

Co-op has become the second major retail chain in the UK to partner directly with Just Eat Takeaway on online home delivery services, hoping to provide further convenience to its customers. The announcement on Friday will help expand Co-op’s reach and footprint as it looks to compete more strongly with its rivals. ASDA already has […]

Caboodle provides more direct network for UK retailers to tackle food waste

Several top brands, along with retailer Co-op and Microsoft, have begun to trial a massive project called Caboodle that aims to dramatically cut down on food waste in the UK. With more than 1.1 million tonnes of food going into the bin, co-founder Co-op and others want to find a way to both eliminate that […]

Four UK supermarket chains will trial effectiveness of environmental labels

Co-op, Morrisons, Sainsbury’s and Tesco will be testing new environmental labels in a virtual setting this summer, as part of the strategic framework for a harmonized environmental labeling scheme.  According to a statement from IGD, the trials, which will test consumer awareness and understanding of environmental labeling, are the latest stage of their workstream. They […]

Co-op unveils healthy, sustainable Summer line of to-go options

UK retailer the Co-op has launched its new Summer food-to-go range of products that are more healthy and more sustainable, thanks to the introduction of more vegan options and reduced packaging. The elimination of plastic cutlery is just one of the many environmentally friendly moves the chain is making, which includes getting rid of 274 […]