EY quits as Asda’s auditor amid criticism of Issa brothers RETAIL Big Four accountant EY quit as Asda's auditor last summer in another blow to co-owners Moshin and Zuber Issa.
Inside Asda’s turnaround plan to win back customers from supermarket rivals Retail It’s a difficult time to be at Asda’s helm – with sales down as well as competitors eating into its market share, the supermarket giant has announced an ambitious three-point turnaround plan to stave off further declines. Without a permanent CEO – the position has been empty since 2021 and filled on an interim basis [...]
Problems at Asda look set to continue as workers strike again Retail This week, Asda workers - with the support of GMB union - announced the latest strike action in a months-long string of collective action and demonstrations.
Asda entices new boss with £10m pay package June 9, 2024 Mohsin Issa could reportedly reward the new boss of Asda a total pay package of up to £10m, as the billionaire businessman rushes to find someone to take charge of the supermarket.
Billionaire Issa brothers split up as Asda takeover announced June 7, 2024 Asda is to get a new majority owner after one of the billionaire Issa brothers agreed to sell his stake, it has been confirmed.
Asda slashes debt as value range sales surge November 15, 2023 Asda has reduced its debt pile from £4.2bn to £3.9bn, according to its third quarter results, thanks to “strong cash generation” at the UK supermarket. The ‘Big Four’ grocer, said that during the term like-for-like sales, excluding fuel, increased by 2.8 per cent to £5.4bn compared to the same period last year. Food like-for-like sales [...]
Asda: Huge equal pay court case starts amid demonstrations September 9, 2024 A court case over equal pay involving more than 60,000 Asda workers has started amid demonstrations being staged in Brighton and Manchester. The GMB union, which has said the case is the biggest ever in the private sector, is arguing that the predominantly female retail workforce is paid up to £3.74 an hour less than [...]
Asda IT glitch leaves some employees missing two weeks of pay March 24, 2024 Close to 10,000 Asda employees have received incorrect payslips following an IT glitch.
Asda: Issa brother to step back and hire new chief executive March 1, 2024 Mohsin Issa, one half of the billionaire family duo which owns Asda, has confirmed he is stepping back from the day to day running of the business.
Asda takeover: Meet the British supermarket giant’s new private equity owner June 10, 2024 Meet the new private equity owner of supermarket giant Asda after one half of the billionaire Issa brothers sold it his shares.