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Asda Group
Asda seeks to raise £2.6bn to refinance debt burden
...Mohsin Issa previously dismissed speculation about a rift with his brother....
April 22, 2024
ReviewBiography and memoir
A Man of Two Faces by Viet Thanh Nguyen— wrestling with dual identity
...While Nguyen was apart for a few months, his 10-year-old brother did not return for two years....
March 29, 2024
FT Live
Future of Retail
Securing long-term business growth with technology innovation
Tuesday, 17 SeptemberLondon, UK
John Gapper
Convenience stores should make more of themselves
...Asda, the UK supermarket chain owned by TDR Capital and the billionaire Issa brothers, is converting to its Asda Express brand 470 local stores that it acquired in 2022....
February 16, 2024
War in Ukraine
Ukraine accuses 2 brothers of helping Russia attack their hometown
...The Russian missile attack on October 5 struck a grocery store and an adjacent café, where civilians and military personnel had gathered to commemorate a fallen soldier....
October 11, 2023
Due Diligence
A lifeline for Canary Wharf Premium content
...That wasn’t the case for a California grocery chain, the FT’s Behind the Money podcast explains....
April 25, 2024
FT Magazine
Artist Issam Kourbaj will not forget his homeland
...He apprenticed as a calligraphist under his older brother Shaher. The brothers painted shop signs, words on buses and cars....
April 20, 2024
FT Live
Due Diligence Live
Where leaders in investment and finance meet
Tuesday, 8 OctoberLondon, UK
FT Globetrotter
A tour of Vancouver’s Chinatown
...Sung’s father’s brothers founded a corner grocery store that flourished into a major produce wholesaler....
March 18, 2024
InterviewLunch with the FT
Novelist Viet Thanh Nguyen: ‘I’m a utopian’
...Nguyen came to America aged four, with his brother and parents, as a refugee. It was 1975, the end of the Vietnam war....
March 15, 2024
LexAsda Group
Asda/EG: property keeps Issas’ financial high-wire act in balance Premium content
...Grocery peers have most to lose. High debt costs had been expected to restrain Asda, the UK’s price-leading supermarket. That is not happening, despite a cost of living crisis....
May 30, 2023
Asda Group
Asda profits slide as supermarket chain cuts prices
...Mohsin said the grocer made “good progress laying the foundations to restore Asda to the number-two position in UK grocery” since they bought it for £6.8bn in 2020....
March 29, 2023
Competition & Markets Authority
Asda and Morrisons increasing fuel margins for UK consumers, watchdog says
...Asda was bought by the Issa brothers and private equity group TDR in a deal worth £6.8bn in 2020, while Morrisons was acquired the following year by US private equity group Clayton, Dubilier & Rice for £7bn...
July 3, 2023
Co-operative Group Ltd
Co-op warns profits likely to fall this year
...The company, which has grocery, funeral, insurance and legal divisions, reported flat underlying profits of £100mn and an increase in sales of £300mn to £1.5bn in 2022....
April 5, 2023
Mairead McGuinness
The case for a digital euro
...After the usual panic, I realised that I wouldn’t have any trouble buying groceries or making other payments....
June 28, 2023
Live news updates from January 17: China’s population falls, Goldman and Morgan Stanley shed profits
What to watch in Europe today
...Hays in April predicted that the job market would rise to its hottest level since the collapse of Lehman Brothers....
January 17, 2023
Transcript
A daring high-wire act: Inside the Asda buyout
...I think what the brothers are all about is growth....
June 5, 2023
FT Live
Business of Luxury Summit
Gathering leaders in luxury for the 20th year
Sunday, 19 MayVenice, Italy
Asda Group
Asda puts 300 jobs at risk and 4,000 face pay cuts
...The UK’s third-largest grocery chain also revealed a 22 per cent cut to hours at all 23 in-store Post Office shops. This will affect 23 managers and 200 hourly-paid staff....
January 26, 2023
News in-depthSudan
Sudanese fleeing terror in Khartoum make perilous journey to Egypt
...“Grocery shops and bakeries are closed. There are no police and we started hearing of criminal acts,” Madani said. “We knew that after a while there would be no gasoline for the generator or car.”...
May 8, 2023
OutlookAmy Kazmin
Italy resists the taste for edible insects
...I met a Thai entrepreneur whose start-up produced fried insects in modern, branded packaging for grocery stores....
April 24, 2023
OutlookNajmeh Bozorgmehr
Rising temperatures in Iran heat up arguments over women’s dress
...A recent viral video shows a religious man near the holy city of Mashhad in north-eastern Iran, throwing yoghurt on two women at a grocery store who are not wearing the hijab....
April 12, 2023
The Week Ahead
China to update on economy and Spain goes to the polls
...Results: ABB Q2, American Express Q2, Close Brothers trading update, Comerica Q2, Danske Bank Q2, FirstGroup trading statement and AGM, Glencore H1 production report, Interpublic Q2, Nokia H1, Norsk Hydro...
July 16, 2023
Asda Group
Asda to open 300 convenience stores by end of 2026
...The overall convenience market is set to grow by 13 per cent in the coming five years, double the expected pace of sales growth at larger supermarkets, according to forecasts from the Institute of Grocery...
December 6, 2022
Due Diligence
How venture investor Rocket Internet came back to Earth Premium content
...One thing to start: Jean-Charles Naouri, the chief executive of heavily indebted grocery group Casino, has been questioned by French financial investigators in connection with a case examining allegations...
June 2, 2023
J Sainsbury PLC
Costcutter owner Bestway takes 3.45% stake in Sainsbury’s
...Sainsbury’s is Britain’s second largest supermarket, with a 15.5 per cent of share of the grocery market, according to researcher Kantar....
January 27, 2023
The Big Read
Can Jews and Arabs still coexist peacefully within Israel?
...I don’t think everyone is a terrorist, but I don’t know if their brothers or fathers support Hamas, so we are careful,” says Shalom, a butcher in Jerusalem. “We have to be very suspicious.”...
December 7, 2023
FT Magazine
How a southern Italian crime family’s reign ended in tragedy
...He had recently celebrated his 15th birthday without his parents or his older brothers....
July 27, 2023

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