Mohsin Issa, 53, will remain co-owner of the supermarket alongside private equity firm TDR Capital, but will relinquish his executive role in favour of retail veteran Stuart Rose.

Asda’s debts were built up during its takeover by the billionaire brothers Mohsin and Zuber Issa and the private equity firm TDR Capital in 2021, which lumbered the company with billions in ...

Asda’s parent company slumped to a near £600m pre-tax loss last year as the supermarket group faced falling sales ...

It follows years of decline at Asda, which has been losing ground to rivals ever since its debt-fuelled takeover by private equity firm TDR Capital and brothers Mohsin and Zuber Issa in 2021.

Asda fell to a loss of almost £600m last year as its soaring debt burden and a costly IT overhaul weighed on the beleaguered supermarket.

Clarion Partners Europe has bought the 954,000 sq ft site off the Whitebirk roundabout that was owned by the Issa brothers.

Take a peek at the property! Rae is playing Airbnb host to show off the rich history and many Black-owned businesses in her native South LA.

Asda has scrapped plans to roll out new staff uniforms next year, as bosses seek to free up cash to spend on cutting prices and revamping stores.

Asda slumped back into the red after losing almost £600m in 2024 despite its total sales rising by more than £1bn, it has been revealed.

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