All Asda articles – Page 15
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NewsTravis Perkins poaches Asda exec to helm digital transformation
Travis Perkins has snapped up long-standing Asda executive Phil Tenney to take up the role of chief information and technology officer, Retail Week can reveal.
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Opinion‘Why are auditors suddenly dumping retail clients?’
Boohoo, EG Group and Poundstretcher have all seen their auditors resign in recent weeks. Having originally fought for the engagement, why the about-turns?
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NewsAsda buyers hit by credit rating downgrade
Asda’s new owners the Issa brothers have had the credit rating on their petrol station chain EG Group downgraded by Moody’s amid concerns about its financial governance and internal controls.
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AnalysisHow retail changed my life: Sainsbury’s Ziggie Singh – becoming a somebody
Harsimran ‘Ziggie’ Singh was a fresh-faced teenager when he told his parents that he wanted to work in his local shop rather than go to college.
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NewsIn pictures: Asda unveils landmark ‘sustainability store’
Grocery giant Asda has opened a pilot “sustainability store” including product refill options, loose and unwrapped produce and a pledge that “customers will not pay more for greener options”.
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NewsEG Group reports record quarterly profits
Petrol forecourt specialist EG Group, which is controlled by Asda’s new owners the Issa brothers, has posted a record quarter of profitability.
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NewsDeloitte resigns as Asda buyer EG Group’s auditor
EG Group’s auditor Deloitte has resigned just weeks after the petrol station giant’s co-founders sealed a £6.8bn deal to acquire Asda.
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Opinion‘Don’t underestimate the power of partnerships post-pandemic’
The idea of togetherness is one that has shone through in countless ways amid the coronavirus crisis.
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NewsAsda strikes concession partnership with The Entertainer
Asda has launched a concession partnership with The Entertainer to boost its in-store toy proposition.
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NewsGrocery sales rise as consumers shift spend to at-home options
Food retail sales have climbed as shoppers eat and drink more at home rather than going out as the effects of the Covid pandemic continue to play out.
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GalleryStore gallery: Inside Asda’s first On the Move convenience store
Asda has opened its first ‘On the Move’ petrol station forecourt store as the grocer dips its toe into the convenience market.
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NewsRetail’s frontline workers recognised in Queen’s birthday honours
A host of retail’s frontline workers have been recognised in the Queen’s birthday honours list for their response to the coronavirus pandemic.
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NewsAsda launches drive-through flu jab service
Asda has launched an NHS drive-through flu jab service for eligible people at 13 of its UK stores.
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Opinion‘As shoppers flock online, investors are following’
The Issa brothers’ £6.8bn swoop on Asda may be an exception that proves the rule. While the forecourt convenience retail entrepreneurs have put their money into a primarily bricks-and-mortar business, other people’s cash is increasingly going elsewhere.
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AnalysisAsda’s £1bn question: Where do new owners need to splash the cash?
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
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AnalysisProfile: Asda’s new owners – the billionaire brothers with community values
Britain’s third-largest supermarket chain Asda has returned to private ownership, but who are the billionaire brothers behind the £6.8bn deal? Retail Week takes a closer look at Mohsin and Zuber Issa.
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NewsIssa brothers’ Asda swoop ‘not a traditional private equity deal’
Asda’s chief financial officer has said the £6.8bn sale of the retailer is “not a traditional private equity deal” as the billionaire Issa brothers reflect the grocer’s values and long-term strategic aims.
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NewsWalmart completes sale of Asda to Issa brothers for £6.8bn
Walmart has completed the sale of UK grocery chain Asda to global convenience and forecourts retail business co-founders the Issa brothers for £6.8bn.
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NewsEG Group founders and TDR Capital lead race for £6.5bn Asda deal
The co-founders of EG Group and TDR Capital have moved into pole position in the race to buy Asda.
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NewsWalmart set to choose preferred bidder in Asda deal
The Walmart board convened last week to decide on its preferred bidder in the Asda takeover deal.