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UK supermarket Asda seeing 'green shoots' of recovery

The boss of British supermarket Asda said he was seeing "green shoots" of recovery after the group slowed the rate of its sales decline in its first quarter, helped by lower prices and better product availability.

Business • 30 May

Asda is Britain's third largest food retailer after Tesco and Sainsbury's

Asda warns on profit as it invests in turnaround

Struggling British supermarket Asda has warned that required investment in lowering prices and improving product availability and ranges will "materially reduce" profit this year.

Business • 14 Mar

Asda is the UK's third largest grocer after Tesco and Sainsbury's

UK's Asda says TDR Capital to become majority owner

Britain's Asda has said private equity firm TDR Capital will gain majority ownership of the supermarket group by acquiring Zuber Issa's share in the business, which is still 10% owned by US giant Walmart.

Business • 07 Jun 24

EG Group, which is owned by the Issa brothers and TDR, have agreed to buy Asda's 323 petrol stations for £750m

New Asda owners told to fix fuel competition concerns

The UK competition regulator has found the Issa brothers and private equity group TDR Capital's £6.8 billion takeover of the Asda supermarket chain could lead to higher petrol prices in some parts of the country.

Business • 20 Apr 21

UK's Asda ends Walmart era on the up

British supermarket group Asda ended its 22 years under Walmart ownership with accelerating underlying sales in the Christmas quarter, driven by strong demand for premium ranges.

Business • 18 Feb 21

The Issa brothers and TDR Capital are selling Asda's petrol forecourts business to EG Group

Issa brothers/TDR to sell Asda forecourts business

The Issa brothers and TDR Capital will offload Asda's petrol stations to their own EG Group for £750m when their purchase of the British supermarket group from Walmart is completed.

Business • 03 Feb 21

In October, Mohsin and Zuber Issa and TDR agreed to buy a majority stake in Asda from US giant Walmart

UK regulator starts probe of Asda sale to Issa brothers

The UK competition regulator said today it had formally launched an inquiry into the acquisition of British supermarket group Asda by the Issa brothers and private equity group TDR Capital.

Business • 08 Dec 20

The deal brings Asda back into British ownership for the first time in more than 20 years

Walmart sells Asda for £6.8 billion

Walmart has agreed to sell its British supermarket chain Asda to private equity group TDR Capital and the founders of petrol station operator EG Group for £6.8 billion, it has said.

Business • 02 Oct 20

TDR Capital