Asda - comment
TDR taking majority control by buying Zuber Issa’s stake will change little for ASDA. Mohsin Issa will continue to hold his stake, and a more imminent challenge is replacing Mohsin as CEO. Zuber wants to carve part of EG Group into a vehicle he will control, and Mohsin needs to step back from ASDA to run the remaining part of EG Group. As we mentioned recently, ASDA’s new IT system has had some teething trouble, with some staff underpaid. A new CEO stamping their authority on the business is needed.
https://www.retailgazette.co.uk/blog/2024/04/zuber-issa-asda-sale/