Issa Brothers Divide Empire as Zuber Sells Asda Stake

Friday, 7 June 2024, 17:51

The recent move by Zuber Issa to sell his stake in Asda has significant implications for both the retail sector and the brothers' empire. This decision, which involved selling a 22.5% stake to private equity co-owner TDR Capital, has sparked concerns among unions about potential risks to shoppers and staff. The division of assets within the Issa brothers' business portfolio signals potential shifts in the retail market dynamics.
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Issa Brothers Divide Empire as Zuber Sells Asda Stake

Issa Brothers Divide Empire as Zuber Sells Asda Stake

The recent decision by Zuber Issa to divest his 22.5% stake in Asda, selling it to private equity co-owner TDR Capital, has implications for the brothers' business empire. The move raises concerns among unions about potential risks affecting shoppers and staff.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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