All Asda articles – Page 22
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AnalysisAnalysis: Has private equity ownership done retail more harm than good?
Buy cheap, pile on debt, flog assets and extract the value, sell high to a new owner and pay yourself handsomely – that’s one characterisation of private equity, with recently collapsed department store group Debenhams seen as the poster child in critics’ eyes.
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NewsUnion hails ‘massive victory’ as Asda equal pay challenge fails in Supreme Court
Grocery chain Asda could be forced to pay out as much as £500m to employees following its latest setback in a long-running equal pay battle.
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AnalysisAnalysis: Who will succeed Roger Burnley at Asda?
Following weeks of intense speculation, Asda chief executive Roger Burnley has confirmed he will be stepping down next year.
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NewsAsda chief executive Roger Burnley to step down following £6.8bn takeover
Asda boss Roger Burnley is set to step away from the grocer next year, following the recent £6.8bn takeover of the business by the Issa brothers.
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NewsTesco store managers face job shake-up as part of stores restructuring
Tesco has put thousands of store-manager roles into consultation as it launches a major shake-up of its larger stores.
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NewsAsda puts 5,000 roles into consultation in online transformation drive
Grocery giant Asda has entered formal consultation with 5,000 of its staff as it unveiled new transformation plans aimed at capitalising further on the shift to online grocery shopping.
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AnalysisDeep dive: The new Asda – saddled with debt or a return to former glory?
As reports emerge that chief executive Roger Burnley is stepping down, Retail Week looks at what Asda under their controversial new owners the Issa brothers will look like.
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NewsAsda sales rise as customers trade up over Christmas
Asda has reported that customers trading up and treating themselves over Christmas led to strong sales upticks in its fourth quarter.
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NewsIssa brothers complete £6.8bn acquisition of majority Asda stake
The Issa brothers and investment vehicle TDR Capital have confirmed the brothers’ acquisition of Asda for £6.8bn.
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NewsAsda buyers’ junk bond sale raises £2.75bn for deal
Asda buyers the Issa brothers and their private equity partners have raised a record sterling junk bond to fund the acquisition.
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AnalysisCan you still go from the shopfloor to the board room in retail?
In the latest story in our No Limits campaign, which aims to drive social mobility in retail, we explore if it is still possible to progress from stores to the top job
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NewsRetail bosses demand business rates reform and online sales tax
Bosses from 18 retailers have called on chancellor Rishi Sunak to permanently cut business rates in a bid to save the high street.
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NewsEG Group to buy Asda’s petrol forecourt business in £750m deal
EG Group will buy Asda’s petrol forecourt business in a £750m deal following the completion of the supermarket giant’s sale to the Issa brothers.
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DataData: Grocery sales soar as record Christmas stretches into January
The festive cheer has rolled on into the new year for grocers, with data showing that customers’ record food and drink spending from December continued into January.
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NewsEG Group appoints Lord Rose as new chair
EG Group, whose owners are buying grocery giant Asda, has appointed retail veteran Stuart Rose as its new chair to address issues with its corporate governance.
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NewsRetail Connected 2021: Global insight from Walgreens, Levi’s and Shopify
More than 100 speakers from around the world, including leaders from Walgreens Boots Alliance, Adidas, Levi’s, Shopify and Asda, will take to the virtual stage at our new digital event in April.
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NewsUK grocers warn food shortages in Northern Ireland will worsen
The chief executives of the UK’s largest grocers have warned the government of “significant disruption to food supplies” to Northern Ireland after March 31 unless there is a closer agreement with the EU.
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NewsBrexit: M&S warns of tariff impact as NI supermarkets struggle with supply
Marks & Spencer today warned that its EU businesses would be “significantly impacted” by new red tape and tariffs under the Brexit deal, while supermarkets in Northern Ireland are struggling with shortages.
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GalleryIn pictures: New stores that brought the wow factor in lockdown year
2020 may be more synonymous with shuttered stores but it did bring us some eye-catching new shops. Retail Week rounds up some of the best to whet your appetite
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NewsNew Asda owners set to sell off £1.2bn distribution network
Asda’s new owners the Issa brothers have reportedly drafted in advisers to ready the sale of the supermarket’s logistics portfolio.