All Asda articles – Page 23
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NewsIssa brothers’ Asda swoop ‘not a traditional private equity deal’
Asda’s chief financial officer has said the £6.8bn sale of the retailer is “not a traditional private equity deal” as the billionaire Issa brothers reflect the grocer’s values and long-term strategic aims.
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NewsWalmart completes sale of Asda to Issa brothers for £6.8bn
Walmart has completed the sale of UK grocery chain Asda to global convenience and forecourts retail business co-founders the Issa brothers for £6.8bn.
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NewsEG Group founders and TDR Capital lead race for £6.5bn Asda deal
The co-founders of EG Group and TDR Capital have moved into pole position in the race to buy Asda.
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NewsWalmart set to choose preferred bidder in Asda deal
The Walmart board convened last week to decide on its preferred bidder in the Asda takeover deal.
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NewsPrivate equity firm Lone Star drops out of race to buy Asda
US private equity firm Lone Star has reportedly dropped out of the bidding war to purchase Asda, leaving asset manager Apollo as the leading suitor.
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NewsAsda deal could be struck this week
A sale of Asda could be agreed later this week by parent company Walmart, it is understood.
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NewsAsda to pilot convenience format and B&Q shop-in-shops
Asda is to test a new convenience store format and launch B&Q shop-in-shops inside four of its largest superstores.
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NewsEat Out to Help Out scheme wipes £155m off supermarket sales
Shoppers spent £155m less in supermarkets last month as they returned to restaurants, pubs and cafes during the Eat Out to Help Out scheme.
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NewsWatch: Tesco must do more to enforce face masks in store, urges Andy Burnham
Andy Burnham, the Mayor of Greater Manchester, has slammed supermarkets for not enforcing the wearing of face masks in-store in an interview with Retail Week.
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AnalysisWhere are the new battlefields in urban grocery fulfilment?
The coronavirus pandemic has sent hordes of shoppers online for all their needs, and grocery is the category where the shift has been felt most profoundly.
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NewsAsda revives ‘Asda Price’ campaign as part of £100m spending salvo
Grocer Asda has bought back its ‘Asda Price’ campaign to promote a £100m investment in reducing prices on thousands of own-brand and branded products.
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AnalysisSmall share, deep pockets – but should Amazon really have the grocers worried?
Amazon has created plenty of noise about its food offer in the UK, but to date, it has failed to win shoppers in any significant number. Should the major grocers be concerned or does Amazon’s foray into food amount to little more than a damp squib?
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NewsAsda bids lined up by former CEO and ex-Debenhams boss
Former chief executives of Debenhams and Asda are understood to be working with private equity groups on a bid for the supermarket chain.
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NewsAsda eyes ecommerce expansion as online sales double
Asda has said it plans to expand its online delivery capacity to 1 million slots a week by next year after seeing online sales double in its second quarter.
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Opinion‘Walmart’s Asda Price must be right to secure private equity backing’
On, then off. On, then off. And now back on again. Walmart has resumed efforts to sell off a majority stake in Asda – and hopes it will prove to be third time lucky.
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NewsAsda sale talks back on, Walmart reveals
Walmart has recommenced discussions with potential buyers of a stake in Asda, the US giant said.
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NewsUber Eats and Asda kick off grocery home delivery partnership
Grocer Asda has unveiled a new trial home delivery partnership with Uber Eats to offer customers “greater flexibility and access” to its products.
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AnalysisDeep dive: How Covid-19 has changed grocery retail forever
Coronavirus brought unprecedented demand for grocery retailers, but it has also dramatically changed how we buy and consume food. Retail Week looks into which new shopping behaviours and trends will be here to stay once the pandemic subsides
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AnalysisAnalysis: How fashion retailers can offload £15bn of old stock without huge Sales
With non-essential retail stores just weeks away from reopening their doors, many retailers now have to contend with the excess out-of-season stock that has piled up in both stores and warehouses.
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NewsAsda sales jump during lockdown but profits dip
Asda has posted an increase in revenues during the first quarter of parent company Walmart’s financial year, driven by increased grocery sales during the coronavirus crisis.