All the updated news related to issa brothers

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City

Co-op strikes £600m deal to sell petrol stations to Asda to help boost finances

The Co-operative Group has agreed a £600 million deal to sell its petrol forecourt business to supermarket giant Asda in the latest move to bolster its finances. The sale will see 5% of Co-op’s entire retail estate – including 129 petrol stations ...

31 Aug 2022 at 12:32

City

Asda ‘in £450m bid for Co-op’s petrol stations’

Supermarket giant Asda has reportedly emerged as the frontrunner in the bid to take over the Co-op Group’s petrol stations for £450 million. The chain is in talks to buy the business as it prepares to move further into the UK’s convenience store ...

30 Aug 2022 at 11:53

City

Asda owners insist chain had no ‘strategy’ to profit from higher fuel prices

The co-owners of Asda have insisted the grocery chain did not intend to make a bigger profit on fuel prices, after an investigation last year found it had bumped up fuel margins during the cost-of-living crisis. Bosses also doubled down on ...

09 Jan 2024 at 13:31

City

Supermarket giant to launch Asda Express convenience shops

Asda has revealed plans to open its first high street convenience stores later this year under a new Asda Express brand. The supermarket giant said it will open the first two stores under the brand in Sutton Coldfield next month and ...

18 Oct 2022 at 14:18

City

‘No price hikes’ in supermarket as Asda buys petrol station operator for £2.2bn

The chairman of Asda has promised that food prices will not go up because of a deal to buy the UK business of its sister company, petrol station giant EG Group, for more than £2 billion. Lord Stuart Rose said that the supermarket ...

30 May 2023 at 13:17

City

Zuber Issa sells 22.5% stake in Asda to private equity group TDR Capital

Zuber Issa has sold his stake in Asda to the supermarket chain’s private equity backer TDR Capital. The sale brings TDR Capital’s share in the supermarket group to 67.5%, while 22.5% is still owned by Zuber’s brother, Mohsin. ...

07 Jun 2024 at 12:27

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