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Asda Stores Limited (/ ˈ æ z d ə /), trading as Asda and often styled as ASDA, is a British supermarket and petrol station chain. Its headquarters are in Leeds , England. [ 9 ] The company was incorporated as Associated Dairies and Farm Stores in 1949.
Since September 2024, Mohsin Issa is the sole chief executive of EG Group, and a minority owner and non-executive director of Asda. [4] Zuber Issa owns and runs his separate business, EG On the Move, is a non-executive director of EG Group, and no longer holds ownership in Asda after selling his stake to TDR Capital. [5]
Purchased by Asda 1966 Opened Britain's first out of town supermarket in West Bridgford, Nottinghamshire during 1964, GEM was an American department store retailer who ran the store under a concessions basis. A further store in Leeds was added in 1965, but the UK business was sold to Asda in 1966. [86] Goodfellows
In October 2015, TDR Capital purchased a minority stake in Euro Garages. [27]In February 2016, Euro Garages formed a franchise partnership with KFC. [28]In October 2016, Euro Garages merged with TDR Capital's European Forecourt Retail group (EFR), to create Intervias Group, a new group comprising 1,450 locations, with a presence in the UK, France, the Netherlands, Belgium and Luxembourg.
The George brand was founded in 1989 as a partnership between English fashion designer George Davies and Asda. The latter had recruited the high-street designer for its grocery store brand to help shoppers avoid high street. Asda and George were sold to Walmart in 1999, which led to the expansion of the George brand into Walmart stores. [2]
UK grocery giants Sainsbury's and Asda are promising to slash their prices by around 10% on everyday items if they're able to merge their operations.
Allan Leighton (born 12 April 1953) is a British businessman, Chair of Asda, former chairman of The Co-operative Group, former CEO of Asda, former chief executive of Pandora, and former non-executive chairman of the Royal Mail prior to the breaking of the Horizon Scandal. He is also the co-owner of Brackley Town F.C. [1]
Approached by UK supermarket chain Asda to create a new range of clothing, in the 1990s Davies produced his second household-name brand, George at Asda. [18] Davies was positive about the approach, the shift of consumer spending moved from high street to out of town accessible development. [ 19 ]