Supermarket giant Asda, part-owned by Blackburn's Mohsin Issa, has warned major spending plans will eat into its profits, after pledging to cut the prices on thousands of products. Returning ...

Worse was to follow. In October 2020, Walmart offloaded a majority stake in the grocer to the petrol forecourts billionaires Mohsin and Zuber Issa and the private equity firm TDR Capital.

Worse was to follow. In October 2020, Walmart offloaded a majority stake in the grocer to the petrol forecourts billionaires Mohsin and Zuber Issa and the private equity firm TDR Capital. It went ...

The boss of Asda has warned there is no quick fix at the crisis-hit supermarket as sales continue to fall after its private equity takeover four years ago. Executive chairman Allan Leighton said ...

The change comes amid years of decline for the company and co-owner Mohsin Issa stepped back from his role as head of operations last year over concerns about declining customer numbers.

Asda has been without a permanent chief executive since 2021. Its co-owner Mohsin Issa stepped down from running the supermarket last year. The group has seen its share of the UK grocery market ...

When Asda was bought by private equity giant TDR Capital and the Issa brothers in February 2021, its market share stood at 14.6pc. Co-owner Mohsin Issa took charge of operations in 2022 ...

A deeper view that unites instead of divides, connecting why the story matters to you. Saleha Mohsin is an American journalist living in Norway. She grew up in Ohio and discovered her passion for ...

Asda has been without a permanent chief executive since 2021. Its co-owner Mohsin Issa stepped down from running the supermarket last year. The group has seen its share of the UK grocery market ...

Asda has warned major spending plans will eat into its profits, after pledging to cut the prices of thousands of products and revive its stores in a bid to win back shoppers from rivals.