All the updated news related to tdr capital

All the news related to tdr capital updated in real time

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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 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

Own-brand goods help Asda grow revenue by 9.6%

Supermarket giant Asda said it had benefited from its own-brand goods as customers tried to find cheaper alternatives during the cost-of-living crisis. The business reported a 9.6% hike in like-for-like sales in the three months to the ...

15 Aug 2023 at 16:38

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. The deal ...

07 Jun 2024 at 12:27

City

Asda targets 300 new convenience stores creating 10,000 jobs

Asda has laid out an ambitious expansion plan for its new convenience store business which will create 300 stores and around 10,000 jobs over the next four years. It came as the supermarket group opened its second Asda Express store ...

06 Dec 2022 at 13:12

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 ...

30 Aug 2022 at 11:53

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