In June 2024, TDR Capital became the majority owner of Asda, after it increased its investment in Asda by acquiring Zuber Issa's share. Following the completion of this transaction in October 2024, TDR Capital now owns 67.5% of the business, Mohsin Issa owns 22.5% and Walmart Inc owns 10%.
In February 2021, the Issa brothers and TDR Capital acquired Asda, with Walmart retaining "an equity investment" in Asda, a seat on the board and "an ongoing commercial relationship".
The deal is set to complete in the third quarter of this year, the company said. Zuber and Mohsin Issa, from Blackburn, bought Asda from Walmart in 2020 in a £6.8bn deal with the backing of TDR Capital.
Following the successful partnership at EG Group, TDR Capital acquired ASDA jointly with the Issa brothers (our co-shareholders in EG Group) in February 2021. The company was acquired from US retailer, Walmart, who remain invested in the business.
When it completes, the deal will mean that Asda is 67.5 per cent owned by TDR Capital while Mohsin Issa will hold 22.5 per cent with a further 10 per cent held by former owner Walmart. TDR Capital first got involved in Asda when it partnered with the Issa brothers in 2021 to buy the chain for £6.8bn.
Currently, the supermarket chain is operated by two corporate groups owned by the founding Albrecht family: Aldi Nord and Aldi Süd. The company was split in 1961 following a disagreement between brothers Karl and Theo Albrecht over whether to sell cigarettes in their stores.
By early December of the same year, ASDA had opened its first Walmart-style megastore on the outskirts of Bristol, west of England. But they didn't use the name Walmart because at that time, ASDA was already well established in the UK and it had hundreds of locations throughout the UK.
Sainsbury's Supermarkets Ltd is a wholly owned food retailer operating within the UK and is owned by J Sainsbury's plc whose other subsidiaries also include Sainsbury's Bank. Over 16 million customers visit 740 Sainsbury's stores each week which are served by 33 depots and together employ over 153,000 colleagues.
A group of Yorkshire farmers were responsible for writing the first chapter in the history of Asda when they formed Hindell's Dairies in the 1920s. After a successful period which saw them expand and diversify the company was floated in 1949 as Associated Dairies and Farm Stores Ltd.
In December 2023, there were initial media reports that Mohsin and Zuber had suffered a falling out, though these reports were criticised by a source close to the brothers. In February 2024, it was reported that Zuber Issa was seeking to sell his 22.5 per cent stake in Asda to focus on other areas of business.
Tesco plc (/ˈtɛs. koʊ/) is a British multinational groceries and general merchandise retailer headquartered in the United Kingdom at its head offices in Welwyn Garden City, England. The company was founded by Sir Jack Cohen in Hackney, London, in 1919.
The surname Lidl, of Bavarian origin, derives from the archaic term “Liedel,” referring to small agricultural plots—a nod to its rural roots. World War II halted the company's expansion, but its resurgence in 1973 under Dieter Schwarz, Josef's grandson, proved pivotal.
Waitrose Limited, trading as Waitrose & Partners, is a British supermarket chain, founded in 1904 as Waite, Rose & Taylor, later shortened to Waitrose. In 1937, it was acquired by the John Lewis Partnership, the UK's largest employee-owned business, which continues to operate the brand.
The loss at its parent company came after Asda said its finance costs had risen 38% to £611m as a result of higher interest rates. The group said it had £4.9bn in external debts with further liabilities, including £3.8bn in leases and a £500m shareholder loan.
In 1960, the two brothers parted ways, creating Aldi Nord and Aldi Sud as separate companies. Lidl was founded by Josef Schwarz when he became a partner in fruit wholesaler Sudfruchte Grosshandel Lidl & Co. in 1930.
In 1962, they introduced the name Aldi—short for Albrecht-Diskont, which translates into English as Albrecht Discount, which became their formal corporate name in 1975.
Aldi bought Southeastern Grocers' approximately 400 Winn-Dixie and Harveys grocery stores and 170 Winn-Dixie liquor stores in August 2023, completing the deal last March. It plans to convert the remaining 220 Winn-Dixie and Harveys locations to the Aldi format, a process that is expected to extend through 2027.
In 1942, a small part of Romford Co-op piloted a “semi self-service” format for goods that weren't rationed, with rationed items still sold over the counter. Only the new Manor Park store launched in 1948 operated with a full self-service format, earning it the title of the first supermarket in Britain.
Morrisons does not source any goods from the Occupied Palestinian Territories (including the West Bank). We source produce from the state of Israel and take care to ensure the integrity of origin declarations.
Ocado Group plc (/ɒˈkɑːdoʊ/ ok-AH-doh) is a British business based in Hatfield, England, which licenses grocery technology. It also owns a 50% share in the UK grocery retail business Ocado.com (the other 50% is owned by UK retailer Marks & Spencer).
