Rob Templeman, who previously ran Debenhams as a private and publicly listed business, is on board with Apollo Global Management as it weighs up an offer for Walmart-owned Asda, Sky News reported. 

And Lone Star Funds is working with Paul Mason on a potential bid for Asda, which he ran before heading to Matalan, Somerfield and then chairing retailers including Cath Kidston and Dr Martens