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
Walmart continues to bolster pharmacy, opens largest yet prescription processing facility
The retailer has also seen 10% volume growth via its…
Read more >Walmart cuts 1,500 corporate jobs
Calling it a restructuring effort, Walmart plans to eliminate 1,500…
Read more >Trump attacks Walmart: debate over US tariffs and inflation flares up
The former president took to Truth Social to criticize the…
Read more >
More related news >
Related news
Viktor Orbán: we will introduce margin reduction for new products as well, if necessary
The margin regulation must be maintained because people must be…
Read more >Who won and who lost in 2024? – Spectacular differences in results in food retail
The balance of the 2024 business year in the food…
Read more >The domestic gin market is on the rise – According to SPAR, customers are increasingly aware and open to Hungarian brands
Gin sales have grown spectacularly in Hungarian retail in recent…
Read more >