Tag: supermarket

Asda: UK billionaire brothers edge ahead in race to buy supermarket

Image copyright Getty Images Asda could return to UK ownership for the first time in 20 years after a group comprising the billionaire Issa brothers and TDR Capital emerged as frontrunners to buy the supermarket. It is understood the Blackburn-based brothers and the private equity firm have been named as preferred bidders. Asda has been owned by US giant Walmart… Read more →

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Tesco sells Polish supermarket business

Image copyright Getty Images Tesco has agreed to sell its business in Poland as it continues to scale back its international operations. The UK supermarket giant is selling its 301-store Polish business to Danish retail group Salling Group for £181m. It said the sale would allow it to focus on its central European markets of Czech Republic, Hungary and Slovakia… Read more →