Today’s news in brief-1/11/23
Asda has successfully finalised its acquisition of EG Group’s UK business, a deal valued at a substantial £2bn. This strategic move allows Asda to take ownership of EG Group’s UK&I operations,...
View ArticleAsda cuts debt as Q3 sales slow
Asda has announced that it has shaved £300m off its debt pile during the third quarter of the year while also revealing it has seen its sales slow during the period. In the three months to the end of...
View ArticleAsda’s interest bill to exceed £400m
Asda is set to see its debt interest bill exceed £400m by early next year as a result of rising interest rates. The company’s chief financial officer Michael Gleeson told the Business and Trade...
View ArticleToday’s news in brief- 3/1/24
Asda has appointed Matt Kelleher, former Chief Information Officer at Morrisons, as its first Chief Digital Officer. Kelleher will be responsible for data and ecommerce functions, leading all...
View ArticleAsda and Usdaw sign collective bargaining agreement
Asda and Usdaw have signed a collective bargaining agreement that will see the union represent hourly-paid employees in the convenience stores and Leon restaurants that Asda acquired from EG Group....
View ArticleToday’s news in brief-5/1/24
Asda and Usdaw have signed a collective bargaining agreement, enabling the union to represent hourly-paid employees in convenience stores and Leon restaurants acquired from EG Group. Usdaw will...
View ArticleAsda to roll out 21 new stores by the end of January
Asda has announced that it will be adding 21 new convenience stores to its estate by the end of this month, with five opening their doors today (19 January). The announcement comes as the retailer...
View ArticleAsda to open 110 stores in February
Asda will open 110 Asda Express convenience stores in February – a record for a single month – to accelerate its growth strategy in convenience and put it firmly on track to reach 1,000 UK stores in...
View ArticleAsda’s mean Gender Pay difference hits 6.6%
Asda has today (27 February) published its 2023 Gender Pay figures, confirming that the mean pay difference between all male and female workers is 6.6%. In a report submitted to the Government’s Gender...
View ArticleAsda co-owner to step back after ‘fixing’ supermarket
Asda co-owner Mohsin Issa has announced that he is set to step back from running the business after “fixing” it. Speaking to the BBC, Issa said that he was carrying out a “reset” of the retailer before...
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