Talking to the BBC this morning, Catherine Shuttleworth, CEO and founder of retail marketing agency Savvy, said: “It’s great to see two British entrepreneurs, new to the supermarket sector, taking it on. To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. and Subway. Say hello to fuss-free bedtimes with our range of character print pyjama sets. The sale of the UK’s third biggest supermarket, Asda, could reportedly be confirmed as early as Friday, September 25. Shop online at ASDA Groceries Home Shopping. Asda owner Walmart put the retailer up for sale after its much-discussed merger with Sainsbury’s was blocked by competition authorities last year. The Issa brothers have convenience retail locations in seven countries in Europe, plus others in ... [+] North America and Australia. I cover retail and the international traveling shopper. Are You Ecommerce Ready? Debenhams’ former chief executive Rob Templeman has been helping Apollo to oversee their bid. You have entered an incorrect email address! We look forward to supporting them and drive long-term sustainable growth.”. Leads or relevant research can be sent to kevin_rozario@yahoo.com. Walmart confirmed on Friday it would sell … Click here to sign up to Retail Gazette’s free daily email newsletter. With a fresh injection of capital of £1 billion over three years, the new owners have pledged to accelerate Asda’s existing strategy of delivering low prices and convenience, but also taking the supermarket chain into new channels to serve a wider base of U.K. shoppers. The Issa brothers will bring to the table their convenience retail and brand partnerships experience built across their 6,000 convenience sites, some of which might be useful for Asda’s expansion. The transaction—made on a debt-free and cash-free basis—is set to close in the first half of 2021 subject to the usual regulatory approvals. A bigger omnichannel offer will be part of the strategy—not a surprise since grocery has seen the biggest increase in online shopping versus other retail sectors. The Issas founded Euro Garages in 2001, with a single petrol station in Bury, Greater Manchester and now have a diversified portfolio of over 6,000 sites across 10 countries in North America, Europe and Australia. The same great prices as in store, delivered to your door with free click and collect! Four to six years after either of these sales go ahead, mark my words ASDA will tank. EG Group finance boss considered departure after Asda acquisition, Asda opens first sit-in Greggs café in East Midlands store, Asda officially opens new sustainability concept store in Leeds, Asda’s new owner EG Group posts “strong performance” in grocery sales, Mike Ashley lashes out after being “excluded” from Debenhams auction, Primark owner to take £375m sales hit from 2nd Covid lockdown, Indie bookshops team up to take on Amazon, Sainsbury’s new CEO Simon Roberts plots sale of banking arm, Furlough scheme extension should’ve happened earlier, critics say, Family spending power at six month low, says Asda Income Tracker.
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