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
Amazon Launches Low-Cost Grocery Delivery Subscription Plan In The US
E-commerce giant Amazon.com has launched a new grocery delivery subscription…
Read more >SPAR Netherlands extends cooperation with EG Group
SPAR Netherlands is extending its partnership with EG Group (Euro…
Read more >Self-checkouts also need a better strategy to succeed
Grocery Dive’s report on self-service checkouts and Mordor Intelligence’s forecast…
Read more >Related news
Grilling cheese didn’t go up in smoke
The average price of grilling cheese is much higher (nearly…
Read more >What do shoppers say about the new retail tools?
At the beginning of the year, Consumer Panel Hungary GfK–YouGov asked panel…
Read more >Special foods ranking: 1. Diabetic, 2. Low-carb, 3. Lactose-free
Different special diets and foods are frequently discussed, and it…
Read more >