Asda’s £1bn question: Where do new owners need to splash the cash?

Asda 1

Asda’s new owners the Issa brothers have pledged to invest £1bn into the business over the next three years. Retail Week looks at the areas they should prioritise to return the grocer to former glories

Hours after EG Group co-founders Mohsin and Zuber Issa were confirmed as Asda’s new owners on Friday, the supermarket giant’s chief financial officer Rob McWilliam summed up their intentions

“This transaction is ultimately about growth,” he tells Retail Week, adding that the combination of the Issas, private equity backers TDR Capital, Asda and Walmart – which has maintained a minority stake – “will allow us to take a material step forward for customers, UK suppliers and staff.”

McWilliam pointed to the Issa brothers’ pledge to invest £1bn over the next three years as evidence of that growth focus. 

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading

Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • Two free article views per calendar month on Retail-Week.com
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.