ASDA - comment
ASDA is succeeding in positioning itself as the cheapest supermarket, but it will take time for the lower prices to translate into higher volumes. Consumers will start to notice the lower prices, but changing shopping behaviour is a longer-term goal.
Mohsin Issa is standing down as CEO of EG Group ahead of the IPO. The focus on the US means a US-based executive team is needed. Issa will remain a non-executive at EG. It is doubtful that Allan Leighton would have a role for the 22.5% owner of ASDA.