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 […]