TDR Capital’s majority ownership of the struggling UK supermarket chain is a test for the industry
Mohsin Issa will relinquish responsibility as company continues search for permanent chief executive
Chair Stuart Rose will take over day-to-day responsibility for UK chain
Move will see Zuber exit supermarket chain and take step back from EG Group
UK supermarket is latest retailer to push into residential property in deal with Barratt Developments
Issa brothers and private equity firm TDR used property sale and leasebacks as well as borrowing against ground rents
UK supermarket has carried heavy debt load since sale to billionaire Issa brothers and TDR Capital
Retailers vow to use only ‘accurate and clear’ sustainability claims following greenwashing investigation by UK regulator
Issa brothers originally took on €39mn debt from EG Group to buy the two Bombardier planes in 2018
Fish sold by major retailers in Europe is harming food security in west Africa
TDR Capital downplays concerns over UK supermarket’s multibillion-pound debt load
Parliamentary committee says executives were damaging their own brand by leaving questions unanswered
Government pledges reforms after CMA calls for greater market transparency for motorists
Chancellor will ask Britain’s watchdogs whether there is evidence of price gouging by companies
Saudi Arabia seeks to boost oil price with output cut of 1mn barrels a day
Promised £450mn of extra equity comes from a warehouse sale and leaseback that was part of the original buyout
Sceptics question how long the Issas can keep it up, but private entrepreneurs have flexibility quoted businesses lack
Stuart Rose says purchase of businesses from heavily indebted EG will help Asda’s push into convenience sector
Plus, Apollo courts THG in its latest UK takeover play and an activist investor takes on Rome’s powerful politicians
Jersey and Luxembourg filings reveal financial engineering behind the UK’s biggest leveraged buyout in a decade
Issa brothers want group to overtake Sainsbury’s as UK’s second-biggest grocer
Video-hosting site used to promote jobs as groups also recruit ex-convicts and army vets to fill shortfalls
British Retail Consortium’s forecast comes as Asda and Morrisons ration purchases of fruit and vegetables
Supermarket announces changes to night shifts, in-store Post Office shops and pharmacies
Expansion by UK supermarket expected to create 10,000 new jobs
