Asda co-owner Mohsin Issa steps back
Asda’s woes deepen after co-owner of UK’s third-largest supermarket steps back
Mohsin Issa will relinquish responsibility amid faltering performance, with former M&S boss Stuart Rose stepping in
Mohsin Issa to step away from Asda as search for CEO continues
Supermarket giant Asda has announced that Mohsin Issa will step away from his executive leadership role to focus on his position as sole chief executive of petrol forecourts business, EG Group. Lord Stuart Rose will assume Mohsin’s responsibilities alongside TDR Capital partner Rob Hattrell,
UK Tycoon Mohsin Issa Steps Aside From Running Supermarket Asda
Petrol station entrepreneur Mohsin Issa has stepped aside from his executive role at Asda, the struggling British supermarket that he bought alongside his brother and private equity firm TDR Capital three years ago.
Asda co-owner steps down to focus on EG Group
Asda has announced a significant leadership change as co-owner Mohsin Issa steps back from his executive role to focus on his previously announced position as sole CEO of EG Group. This decision marks a shift in the leadership structure of the UK's third-largest supermarket chain.
Asda co-owner Mohsin Issa says 'now is the right time' as he steps down
Asda co-owner Mohsin Issa has confirmed he will step down from running the supermarket and will hand over the reins to chairman Lord Stuart Rose and the management team. Asda said Mr Issa will this week leave his executive role to concentrate on his recently announced move to become sole chief executive of the petrol station forecourts business,
Asda fiasco will kill the mega buyout for a generation
The prices are not great. The range of products is indifferent, and the stores are often drab, with too few staff. There is ...
Asda's Billionaire Issa Brother Era Is Drawing to a Close
Asda has been the worst-performing British supermarket over recent months. It’s time for a radical turnaround.
Asda announces major change at the top amid sales slump at supermarket giant
Asda said Mohsin Issa will this week leave his executive role to concentrate on his recently announced move to become sole ...
Stuart Rose fights to revive Asda, the private equity BASKET CASE
With his brother Zuber and private equity group TDR Capital, Mohsin backed a £6.8 billion buyout in 2022 that saddled Asda ...
UK's Asda says retail veteran Stuart Rose to lead business
British supermarket group Asda said on Wednesday its chairman, veteran retailer Stuart Rose, would assume the executive ...
Big changes at the top of Asda as supermarket battles fall in sales
The billionaire co-owner of Asda is to quit his oversight role at the struggling grocer this week, with still no sign of a ...
Asda shoppers rush to buy ‘absolute bargain’ garden furniture scanning for 50% less at the checkout
SHOPPERS are dashing to Asda to bag a half price garden furniture bargain. The multi-position relaxer chair is now scanning ...
Sainsbury's and Asda shoppers hit with new petrol station rules
A significant change at supermarket petrol stations means customers will face new rules for buying pay-at-the-pump fuel. Some ...