Asda has offloaded two dozen supermarkets and a distribution depot in a £568 million transaction designed to alleviate the retailer’s substantial £3.8 billion debt burden. The sale represents the latest
Supermarkets3- Page
98Articles
Executives at major supermarkets are taking strategic steps to navigate the changes introduced by Labour’s landmark Employment Rights Act, which recently received Royal Assent. As this new legislation prepares to
Morrisons has been handed a tax bill of seventeen million pounds after the High Court ruled its rotisserie chickens are subject to a twenty percent VAT rate. The British supermarket
Morrisons has become the first leading UK supermarket to announce a delay to its net zero target, marking a significant shift in the company’s commitment to environmental goals. The Bradford-based
Chocolate prices have soared by nearly 20 percent ahead of Christmas, as ongoing volatility in the cocoa market and rising production costs prevent any respite for consumers. Data from Worldpanel
Daniel Kretinsky, the Czech industrialist known as the Czech Sphinx, has emerged as the largest shareholder in Sainsbury’s after the Qatar Investment Authority agreed to sell a significant portion of
The price of meat in British supermarkets has risen significantly compared to plant-based alternatives, with new data revealing that the growing gap between the cost of meat and that of
Asda is facing fresh turbulence after a £1 billion IT upgrade led to significant operational disruption and a marked decline in sales, with the company bracing for a difficult festive
Staff at Asda’s Leeds headquarters were recently welcomed by a mock mountain base camp and rock-climbing wall, part of a training event orchestrated by executive chairman Allan Leighton. The Alpine
Supermarket competition in the United Kingdom is under scrutiny as senior retail executives voice concerns about alleged anti-competitive practices by German discount chains Aldi and Lidl. Executives from established grocery
The British Christmas turkey could be in shorter supply this year as a particularly acute strain of bird flu sweeps through farms nationwide. An aggressive virus has already forced the
Asda has announced the sale of dozens of supermarkets as private equity owners accelerate efforts to address a £3.8 billion debt burden. The supermarket chain, predominantly owned by TDR Capital,
Grocery price inflation in the United Kingdom eased to 4.7 per cent in the four weeks to 2 November, marking a decline from 5.2 per cent reported the month before
Asda has experienced a significant plunge in its share of the UK grocery market, heightening scrutiny of chief executive Allan Leighton and his efforts to revive the supermarket chain. The
Britain’s principal food wholesalers have issued a stark warning of potential legal action should Chancellor Rachel Reeves press ahead with plans to grant business rates exemptions to large supermarkets. The
Greencore’s £1.2bn proposed acquisition of Bakkavor, two of the United Kingdom’s foremost suppliers of convenience foods to major supermarkets including Tesco, Marks & Spencer, Sainsbury’s, Waitrose and Asda, has drawn