Issa Brothers

Asda Says Chairman Rose To Lead Business As Issa Steps Back

Asda said its chairman Stuart Rose will take executive responsibilities of co-owner Mohsin Issa as he steps back from his leadership role.

Asda Returns To Profit In 2023 Despite Competition From Rivals

UK supermarket group Asda said on Friday it returned to a pretax profit in 2023 even though it lost market share to rivals in that period.

Asda Reports Slow Sales In First Quarter

Asda has reported that its underlying sales rose 1.4% in the first quarter, marking a slowdown from a growth of 2.2% in the previous quarter.

Asda UK Refinances Over £3.2b Of Debt

The UK’s third largest supermarket group Asda has refinanced over £3.2 billion of debt, pushing most of its maturities into the next decade.

Asda Reports A 24% Increase In Underlying Profit 2024

Asda reported a 24% rise in annual earnings that reflect a 7.1% rise in total sales from 2023, and added that it had cut its debt.

Issa bros' EG Group Buys British Baker Cooplands

The Issa brothers' EG Group petrol forecourt business has added to its acquisition spree by purchasing Cooplands, Britain's second-largest bakery chai...

Britain's Asda Ends Walmart Era On The Up

British supermarket group Asda ended its 22 years under Walmart ownership with accelerating underlying sales in the Christmas quarter, driven by...

UK Regulator Starts Probe Of Asda Sale To Issa Brothers And TDR

Britain's competition regulator said on Tuesday it had formally launched an inquiry into the acquisition of British supermarket group Asda by the Issa brot...

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