New owners of Asda consider selling supermarket giant’s £3bn clothing business George By Neil Craven, Financial Mail on Sunday Published: 21:51 BST, 10 October 2020 | Updated: 21:51 BST, 10 October 2020 The new owners of Asda have considered selling the supermarket giant’s £3billion clothing business George, industry sources have told The Mail on Sunday. … Read more
Asda is CHEAPEST UK supermarket: B Basket of 43 everyday groceries costs £130.36 from the retailer – while Morrisons and Tesco are more expensive than Waitrose Alertr team tracked items from the government-based Consumer Price Index ‘shopping basket’ over a five-week period during the month on September Tesco was the most expensive last month, but … Read more
My mum was not always the perfect parent when I was growing up. Times like when I fell down the manhole in the front garden and knocked myself out while she chatted to our neighbour. Or the time when I was eight and I was left waiting for three hours outside an empty church hall … Read more
The new owners of Asda have built a business empire fuelled by billions of pounds of debt, low tax bills and links to a string of global tax havens including Jersey and the Cayman Islands. Blackburn-based brothers Mohsin and Zuber Issa on Friday sealed a £6.8billion deal with their private equity backers TDR to buy … Read more
The return of Asda to British ownership under the leadership of Mohsin and Zuber Issa will bring a fresh dynamic to Britain’s grocery market. It underlines how smart the Competition Commission was to block the Asda merger with Sainsbury’s, which would have cut the number of big grocery chains from four to three. It is … Read more
Asda back in British hands: UK’s third biggest supermarket chain vows to cut prices after £6.8bn takeover by Issa brothers By Tom Witherow For The Daily Mail Published: 21:51 BST, 2 October 2020 | Updated: 21:51 BST, 2 October 2020 Asda vowed to cut prices after a £6.8billion takeover by two brothers from Blackburn took … Read more
Two self-made billionaire petrol tycoon brothers have agreed to buy Asda from Walmart for £6.8billion to bring the supermarket back under British control. Mohsin Issa, 49, and his brother Zuber, 48, from Blackburn, stunned the City by being named as lead bidders to take over the retail giant alongside private equity firm TDR Capital, and … Read more
The extraordinary rags to riches story of two billionaire brothers who turned a single petrol station in Bury into an empire of 5,900 branches can be revealed today as they emerged as favourites to buy Asda. Mohsin Issa, 49, and his brother Zuber, 48, whose parents came to Britain from India ‘with nothing’, built EG … Read more
Two self-made billionaire brothers from North of England stun City by moving into pole position to buy Asda By Tom Witherow For The Daily Mail Published: 22:21 BST, 28 September 2020 | Updated: 22:21 BST, 28 September 2020 Two self-made billionaire brothers from the North of England have stunned the City by moving into pole … Read more
One in four items bought by hoarders goes to waste as shoppers are warned stockpiling is a ‘false economy’ a study has revealed. The study, carried out by Topcashback, found that Britons spent nearly £10 billion a year on stockpiling items that are lost, forgotten or thrown away, causing unnecessary food waste and greenhouse gas … Read more