Zuber Issa has ended his partnership in Asda with brother Mohsin, selling his stake in a deal that gives private equity firm TDR Capital full control of the supermarket chain.
The move brings TDR Capital's share to 67.5 per cent, while 22.5 per cent is still owned by Mohsin. The supermarket is
currently hunting for a new chief executive to help stem falling market share.
The billionaire brothers from Blackburn bought Asda from Walmart in 2020 for £6.8bn with the backing of TDR Capital. Walmart still holds a 10 per cent stake. But there have been reports of a rift in their relationship.
هذه القصة مأخوذة من طبعة June 08, 2024 من The Independent.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة June 08, 2024 من The Independent.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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