Billionaire Issa brothers split up as Asda takeover announced June 7, 2024 Asda is to get a new majority owner after one of the billionaire Issa brothers agreed to sell his stake, it has been confirmed.
Asda named the most expensive supermarket petrol seller ahead of Tesco, Morrisons and Sainsbury’s June 5, 2024 Asda has been named as the UK’s most expensive supermarket fuel retailer ahead of rivals Tesco, Morrisons and Sainsbury’s.
Londonmetric sells off £30m of former LXi assets following ‘mega-merger’ May 30, 2024 Property firm Londonmetric has sold more than £30m worth of retail units, including an Asda supermarket and two former Cazoo showrooms.
Billionaire Issa brothers’ £2bn Asda deal sees petrol stations empire EG Group surge back to profit May 20, 2024 The petrol forecourts empire built by the billionaire Issa brothers, who also own Asda, surged back into the black in 2023 following its £2bn deal with the supermarket giant.
Asda: Debt-laden grocer cashes in on price matching schemes as hunt for new chief gets underway May 17, 2024 Asda, the debt-laden grocery chain, said Aldi and Lidl price matching schemes helped revenue grow by 6.6 per cent in the first quarter of the year.
Mohsin and Zuber Issa: Asda-owning billionaire brothers see net worth sag May 17, 2024 The Issa brothers have had a tumultuous year, as it was rumoured that Zuber was looking to sell his 22.5 per cent stake in Asda after falling out with his brother.
Plans for an Asda ‘town centre’ linking London’s Old Oak and Park Royal May 13, 2024 The Issa brother-owned grocer has entered into an agreement with developer Barratt, on a Brownfield site, currently home to a superstore, marking a "significant milestone" for the firm.
Asda kicks debt worries into the next decade after £3.2bn deal May 3, 2024 Asda has pushed its debt worries into the next decade after it refinanced more than £3.2bn of its debt, it has been announced.
Asda boasts earnings and cash flow growth as low prices and loyalty apps win over consumers April 22, 2024 The firm pointed to the success of its loyalty app scheme, lower opening price points and the Just Essentials range.
Asda tycoons’ private jets flew to the Caribbean 50 times, data reveals April 22, 2024 The private jets of Asda's billionaire owners, the Issa brothers, flew between London and the Caribbean more than 50 times over a two-and-a-half-year period, CityAM can reveal.