Billionaire Issa brothers buy Asda
Blackburn-based Indian billionaires the Issa brothers and private equity group TDR Capital bought Asda from Walmart for GBP 6.8 billion. Walmart has kept a minority share in the business and the management team will stay in its place. The buyers plan to invest more than GBP 1 billion in Asda in the next 3 years.
Related news
Asda trials self-service returns
Asda is piloting a self-service returns drop box where shoppers…
Read more >
AI could have USD 1.6 thousand billion impact in North America by 2030
Retailers could benefit from the use of AI to varying…
Read more >
Asda and Colgate donate 70k dental kits to UK schools
Asda has partnered with Colgate to launch a new initiative…
Read more >
More related news >
Related news
Why are parcel locker providers getting stuck? This data points to the reasons
Parcel terminals are becoming increasingly popular: this year, nearly three-quarters…
Read more >
Using 30% less materials would be a solution to the climate crisis
The circular economy is a global imperative: it transcends geographical…
Read more >
Sustainability and health: the rise of plant-based dairy products in Hungary
In recent years, plant-based dairy alternatives have gained significant popularity…
Read more >
