Asda: What the Issa brothers split means for the supermarket
As Mohsin and Zuber Issa part ways over Asda and TDR Capital becomes the majority shareholder, Retail Week looks at what this will mean for the grocer
It was confirmed on Friday that Zuber Issa would be stepping away from Asda and selling his 22.5% stake to co-owner TDR Capital. The move comes after months of speculation and tawdry tales of a personal rift between the brothers.
The announcement leaves TDR Capital as the retailer’s majority stakeholder, with 67.5% of the business.
Mohsin Issa will remain as co-owner of the business, retaining his 22.5% stake, while former majority owner Walmart retains a 10% stake.
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