Asda owners questioned by MPs over finances and price rises

MPs have questioned Asda over its finances and ability to help curb price rises and support customers during a cost-of-living crisis.

In a letter to Mohsin Issa, one of the supermarket’s co-owners, the chair of parliament’s business and trade select committee Darren Jones asked for details of Asda’s corporate structure, capital investment and profit margins on petrol.

ā€œThe committee has concerns that the complex company structure within which Asda sits, and associated decisions on financing, may restrict your ability to help meet cost-of-living pressures on your customers,ā€ Jones wrote in the letter published on the committee’s website.

 

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