Asda takeover: Meet the British supermarket giant’s new private equity owner

11 comments

1. Asda about to be asset stripped and run in to the ground

2. I thought they had just been asset stripped by the brother owners?

3. This will obviously not be a slow-rolling multi car-crash in any way at all.

4. They’ve already been doing it… Sold off the petrol stations and convenience stores.

   Wonder what’s next

5. The previous owners must have left the copper wire in the walls behind. Rookie error.

6. Is this any surprise? TDR has had a stake in the Issa Brothers owned EG Group for a while. The Issa Brothers just wanted Asda for the Petrol Stations; once they’d incorporated them or sold them on this was always going to happen.

7. > After Zubar Issa sells his shares, in a deal that is expected to complete in the third quarter of 2024, Asda will be 67.5 per cent owned by TDR Capital while Mohsin Issa will hold 22.5 per cent and a further 10 per cent will be held by former owner [Walmart](https://www.cityam.com/walmart-shares-hit-all-time-high-on-solid-holiday-quarter-sales/).

8. I stopped shopping at Asda, it’s shite all round now.

9. TDR Capital are also the first company to use time machines! Apparently they invested in Pizza express 2033 before selling 3 years later. Didn’t expect that.

10. In hindsight, it’s funny to read the reasoning behind the CMA’s decision to block the Sainsbury’s/Asda merger:

    https://www.gov.uk/government/news/cma-blocks-merger-between-sainsburys-and-asda

    >In its final report, published today, the Competition and Markets Authority (CMA) found that UK shoppers and motorists would be worse off if Sainsbury’s and Asda – two of the country’s largest supermarkets – were to merge. This is due to expected price rises, reductions in the quality and range of products available, or a poorer overall shopping experience.

11. For anyone interested in why this is important, take a look at this – https://youtu.be/uK7DINiVuPA