Asda Group Limited

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New Asda owners weighing George sale? Hannah Abdulla | 12 Oct 20

The new owners of UK supermarket chain Asda could be weighing up a sale of the clothing unit, George.

Asda returns to UK ownership as Walmart agrees GBP6.8bn sale Beth Wright | 2 Oct 20

US retail giant Walmart is to sell its UK supermarket chain Asda to the Issa brothers, founders and co-CEOs of EG Group, a global convenience and forecourts retailer, and private equity firm TDR Capital for GBP6.8bn (US$8.8bn).

Private equity firms go head-to-head for Asda stake Michelle Russell | 25 Aug 20

Two private equity firms – both fronted by retail veterans – are preparing to place bids for a stake in UK supermarket chain Asda.

British brands bolster CanopyStyle initiative Beth Wright | 22 Jun 20

British clothing brands Ted Baker and Asda's George label are among the latest 45 companies that have pledged to stop sourcing the raw material for their viscose and rayon textiles from ancient and endangered forests.

Asda honours "vast majority" of George clothing orders Hannah Abdulla | 23 Apr 20

The Walmart-owned Asda supermarket chain says it will continue to honour commitments to suppliers of its George clothing range, even though it is reducing payments for finished products.

Walmart in talks over sale of stake in Asda Michelle Russell | 27 Feb 20

US retail giant Walmart has said it is in discussions with interested parties over the purchase of a stake in its UK supermarket subsidiary Asda and that it will consider a flotation for the chain.

Walmart "seriously considering" stock market float for Asda Hannah Abdulla | 15 May 19

US retail giant Walmart is "seriously considering" an IPO for its UK supermarket chain Asda following the collapsed merger with rival grocer Sainsbury's last month.

Petition calls for Sainsbury's-Asda merger to be blocked Beth Wright | 7 Mar 19

A new petition is calling one UK Government watchdog, the Competition and Markets Authority (CMA), to block the "damaging" proposed merger of supermarkets Asda and Sainsbury's.

Watchdog delivers "hammer blow" to Sainsbury's-Asda merger Beth Wright | 20 Feb 19

The early findings of an in-depth investigation by UK Government watchdog the Competition and Markets Authority (CMA) into the proposed merger of supermarkets Asda and Sainsbury's has raised extensive competition concerns over the potential tie-up.

Asda to consult over 2,500 jobs, clothing at risk Michelle Russell | 26 Oct 18

UK supermarket group Asda is to begin consultations with staff over changes that could result in up to 2,500 job cuts, with workers in the retailer's George clothing department set to be affected.

Kids clothing under scrutiny in Sainsbury’s-Asda merger inquiry Beth Wright | 18 Oct 18

Children's clothing is among the key areas to be considered by UK Government watchdog CMA in its in-depth investigation into the proposed merger between supermarkets Asda and Sainsbury's.ury's.

CMA overlaps not enough to derail Sainsbury's-Asda merger Beth Wright | 28 Sep 18

Despite the warning from a government watchdog that the proposed merger between supermarkets Asda and Sainsbury’s could lead to a "substantial lessening of competition" in 463 areas across the UK, the move is no less likely to be approved, one analyst says.

Asda pledges to tackle clothing microfibres Michelle Russell | 19 Jul 18

Asda has become the first supermarket to join the Microfibre Consortium, which looks at reducing the impact of microplastics on the environment.

Clothing growth picks up at Sainsbury's Beth Wright | 4 Jul 18

Apparel sales growth regained its upward trajectory at UK supermarket group Sainsbury's in the first quarter, gaining share in what the company called a "challenging" market.

Suppliers likely casualties of Asda-Sainsbury's merger Michelle Russell | 21 Jun 18

The CEO's of Sainsbury's and Asda were yesterday (20 June) grilled by MPs over their proposed merger, with the two UK supermarket chains told the cost of the deal will likely end up falling on the groups' suppliers.

Asda sales momentum continues in Q1 Beth Wright | 18 May 18

Double-digit online sales at George clothing have helped UK retailer Asda booked a rise in like-for-like sales in its first-quarter.

Sainsbury's-Asda merger threatens value clothing rivals Beth Wright | 30 Apr 18

News of Sainsbury's return to growth in its last fiscal year was dwarfed by confirmation this morning (30 April) of the retailer's merger intentions with rival supermarket Asda, in a move that could challenge the UK's value clothing retailers.

Roger Burnley to take Asda helm in New Year Beth Wright | 30 Oct 17

Asda, the British supermarket arm of Walmart, has promoted Roger Burnley to take on the role of CEO and president  in the New Year.

Easter contributes to 3.9% Asda Q2 sales growth Beth Wright | 18 Aug 17

UK supermarket group Asda has acknowledged it must continue to up its game despite reporting its first positive quarterly sales for the first time in three years.

Asda says "work needed" despite sales improvement Michelle Russell | 21 Feb 17

Comparable store sales improved for UK supermarket group Asda in the fourth quarter, but parent company Walmart admits there is much work still to be done.

Asda prioritises price and product as Q3 sales slide Michelle Russell | 17 Nov 16

The key priority for Asda is a focus on improving product availability and investing in price, the UK supermarket retailer has said, after revealing a fall in sales in its third-quarter. 

Asda FY mixed as competition weighs on sales Michelle Russell | 8 Sep 16

Efforts by Asda to reduce costs across the business boosted the UK supermarket retailer's profitability in its last fiscal year, but sales fell as it struggled to compete with the discount chains.

Asda Q2 sales worst on record Michelle Russell | 18 Aug 16

UK retailer Asda has recorded its worst quarterly sales performance on record as the "competitive environment" weighed on results. 

Asda CEO Clarke to step down Michelle Russell | 6 Jun 16

Andy Clarke, the chief executive of UK supermarket retailer Asda, has said he is stepping down, indicating that incoming COO Roger Burnley is in line to take over the top job.

Asda Q1 sales tumble on "fierce competition" Michelle Russell | 19 May 16

UK retailer Asda has posted a fall in like-for-like sales in its first-quarter as a result of tough competition in the supermarket sector and traffic declines. 

George at Asda signs Umbro sportswear deal Michelle Russell | 26 Apr 16

George, the clothing line of UK supermarket group Asda, has signed a three-year partnership deal with global sports brand Umbro that will see the retailer sell an exclusively designed sports range across its stores.

Apparel industry majors oppose Brexit campaign Michelle Russell | 25 Feb 16

Marks & Spencer CEO Marc Bolland, and Burberry CEO Christopher Bailey have joined a long list of apparel industry figures in voicing their opposition to Britain's exit from the European Union, which they believe will deter investment, threaten jobs and put the economy at risk.

Asda sales continue on downward trajectory  Katie Smith | 19 Feb 16

UK supermarket retailer Asda has said it is cautiously optimistic its sales will improve, despite posting another decline in quarterly like-for-likes. 

BHS jumper discovered with Asda label Michelle Russell | 18 Feb 16

UK department store chain BHS is understood to have launched an investigation after one of its customers discovered an item of clothing with the label of supermarket chain Asda in it.

Head of Asda's George to step down amid HQ cuts Michelle Russell | 20 Jan 16

Fiona Lambert, the head of Asda's George clothing division, is to step down from her role amid a structural review at the UK retail group that will see hundreds of head office jobs cut. 





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