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Top related persons:
Stuart Rose - 1 — - 1 Rose - 1 Spencer - 1 Mohsin Issa - 1 Issa - 1 Zuber - 1 Asda's - 1
Top related locs:
British Argos Asda
Top related orgs:
Service - 1 Marks - 1 Asda - 1 The Observer - 1 Business - 1 TDR - 1 Walmart - 1 Dell - 1

Search resuls for: "Mohsin Issa"


5 mentions found


☆ Better catering and nicer bathrooms will help get workers back to the office, says this retail CEO
  + stars: | 2024-11-11 | by ( Polly Thompson | ) www.businessinsider.com   time to read: +4 min
Grocery chain Asda is calling workers back to the office three days a week from January. The British retailer says it will improve on-site catering and provide better bathrooms for staff. Asda chair Stuart Rose said remote work doesn't suit the fast pace of the consumer goods industry. In recent months, companies like Dell and Amazon have announced that staff must be back in the office five days a week. If RTO policies become too strict, top talent will simply leave to find a system that works for them, Ravin Jesuthasan, a respected future-of-work researcher, previously told Business Insider.
Persons: Stuart Rose, —, Rose, Spencer, Mohsin Issa, Issa, Zuber, Asda's, Ravin, Nick Bloom, Bloom Organizations: Service, Marks, Asda, The Observer, Business, TDR, Walmart, Dell, Amazon, Observer, Stanford Locations: British, Argos, Asda
☆ UK supermarket Asda to buy petrol stations operator EG Group UK
  + stars: | 2023-05-30 | by ( ) www.cnbc.com   time to read: +1 min
British supermarket group Asda said it would buy petrol station operator EG Group's UK and Ireland business to accelerate its move into the convenience sector, creating a company with combined revenues of nearly 30 billion pounds ($38 billion). Asda, Britain's third-largest grocer, and EG are both owned by brothers Zuber and Mohsin Issa and private equity group TDR Capital. The deal, which includes around 350 petrol stations and over 1,000 food-to-go locations, values EG at 2.27 billion pounds, including debt, the groups said on Tuesday. 2 supermarket and the deal will enable it to roll out Asda Express across the EG petrol estate. Since the Issa brothers bought Asda in 2021, 166 EG sites have already been converted to the "Asda on the Move" format.
☆ UK's Asda to buy EG petrol stations unit in $2.9-bln deal
  + stars: | 2023-05-30 | by ( ) www.reuters.com   time to read: +2 min
Asda, Britain's third-largest grocer, and EG are both owned by brothers Zuber and Mohsin Issa and private equity group TDR Capital. The unit of around 350 petrol stations and over 1,000 food-to-go locations will be valued at 2.27 billion pounds. The deal will help spur Asda in its drive to overtake Sainsbury's (SBRY.L) and become Britain's No. 2 supermarket as it rolls out the Asda Express across the EG petrol estate. The Issa brothers bought Asda in 2021 and have already converted 166 EG sites to the "Asda on the Move" format.
☆ Profit at UK supermarket Asda slumps on inflation hit
  + stars: | 2023-03-29 | by ( ) www.reuters.com   time to read: +2 min
LONDON, March 29 (Reuters) - British supermarket group Asda on Wednesday reported a 24% fall in annual earnings after it decided not to pass the full impact of cost inflation onto consumers, taking a hit to profits instead. Asda, owned by brothers Zuber and Mohsin Issa and private equity firm TDR Capital, said core earnings, or adjusted EBITDA, were 886 million pounds ($1.1 billion) in 2022, down from 1.17 billion pounds in 2021, on flat sales of 20.45 billion pounds. Grocery inflation in March hit a record high of 17.5%, according to market researcher Kantar. The group said it was making progress towards achieving its long-term goal of becoming the number two supermarket in UK grocery. In January, the Times reported that the Issas and TDR were exploring a merger of EG and Asda.
☆ Owners of UK supermarket Asda and EG Group considering merger, the Times reports
  + stars: | 2023-01-21 | by ( ) www.reuters.com   time to read: +1 min
LONDON, Jan 21 (Reuters) - British supermarket chain Asda could be merged with petrol forecourts business EG Group under plans being explored by the owners of both companies, the London-based Times reported on Saturday. The combination would create a retail giant worth between 11 billion and 13 billion pounds ($13.6 billion-$16.1 billion) which would have more than 581 supermarkets, 700 petrol forecourts and 100 convenience stores in Britain, the newspaper said. Brothers Zuber and Mohsin Issa and London-based private equity group TDR Capital have owned EG Group together since 2016. Asda and TDR Capital declined to comment. Talks over merging the two businesses come ahead of a refinancing of EG Group, which has 7 billion pounds of debt due in 2025, according to the report.
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