According to a spokesperson, Asda moved off Walmart's SAP ERP system to a new instance of S/4HANA hosted in the Microsoft Azure cloud in January 2024. In July, an annual report revealed the total ...

In February 2021, Walmart sold Asda for £6.8 billion ($8.2 billion) to retail entrepreneurs Mohsin and Zuber Issa and private equity firm TDR Capital.

Asda also faces a potential £1.2 billion ($1.5 billion) equal pay claim in the first half of 2025. Then there are the measures announced in last year’s autumn Budget. From April employers will ...

Walmart will sell a majority stake in the UK-based grocery retailer Asda to the Issa brothers, the co-CEOs of EG Group, and TDR Capital for an enterprise value of $8.8 billion. The Issa brothers and ...

Asda is one of the largest supermarket chains in the UK, serving over 18 million customers in its stores every week and bringing in over £24 billion in revenues. However, the retailer found itself in ...

Asda, the UK's third largest grocer after Tesco (TSCO.L) and Sainsbury's (SBRY.L), has been burdened by debt since the Issas and TDR bought 90% of it from Walmart in a 6.8 billion pound ($8.7 ...

Asda, the British supermarket group which is 10% owned by U.S. giant Walmart, said on Friday it returned to a pretax profit in its 2023 financial year, even though it lost market share to rivals ...