The contrast between the fortunes of Sainsbury’s and Asda since the spoilsports at the competition regulator scuppered their ...

As Asda’s plight has worsened, chaos has engulfed the boardroom, forcing the Issa brothers to deny rumours of a rift. Zuber ...

Asda has been struck by a fresh sales slump as new chairman Allan Leighton battles to halt the supermarket’s decline.

Asda's struggle to retain customers continued into the new year as fresh industry data also showed that grocery price inflation eased slightly in January as supermarkets stepped up their promotional ...

represent yet another roadblock on the road to recovery for Asda which has been troubled since it was taken over by private equity firm TDR Capital and brothers Mohsin and Zuber Issa in February 2021.

EG On The Move were advised by Cleary Gottlieb, Freeths, Rabobank, PWC, Alvarez & Marsal. Zuber Issa last year sold his 22.5% stake in Asda, which he had led with his brother Mohsin.

Zuber will step down as co-CEO of EG Group, with Mohsin Issa continuing to lead the business as sole CEO. Mohsin Issa remains a co-owner in Asda alongside TDR Capital. This brings the ownership of ...

Asda has been struggling since it was taken over by private equity firm TDR Capital and brothers Mohsin and Zuber Issa in February 2021. When Leighton took over in November last year, he vowed to ...

Asda has axed its Aldi and Lidl price match ... it has been in the doldrums since brothers Mohsin and Zuber Issa joined private equity giant TDR Capital to buy it in a £6.8billion debt-fuelled ...