TDR Capital takes ownership control of Asda after Issa brother sells stake
Private equity firm TDR Capital LLP has taken control of supermarket chain Asda after Zuber Issa split with brother and co-owner Moshin Issa and sold off his stake in the company. TDR Capital now owns 67.5% of Asda, while Moshin has 22.5% and Walmart the other 10%. The deal is expected to be finalized in […]
Burnley steps down early as interim Asda CEO
After only few months into a period in which he was supposed to hold down the role of chief executive officer for a year, Roger Burnley has stepped down from Asda. The supermarket chain has yet to find a replacement, but Burnley’s exit was agreed on by both sides, according to the company’s owners Mohsin […]
