Another plot twist has emerged in the tale of a British supermarket buyout by private equity. Asda Group Ltd. Chairman Stuart Rose needs to swiftly hire a new chief executive officer to ensure that the private lives of the supermarket’s billionaire owners don’t hurt the performance of the heavily indebted grocer.

Mohsin Issa, one of the two brothers who acquired Asda in February 2021 along with private equity group TDR Capital, has left his wife and is in a relationship with Victoria Price, who acted as his tax adviser when she was a partner at EY, the company’s auditor, according to the Daily Mail newspaper. Meanwhile, his brother Zuber is looking to offload his stake in Asda, according to the Telegraph. Price has since left EY, which was replaced as the company’s auditor by KPMG.

QOSHE - How Not to Run a Debt-Burdened Supermarket - Andrea Felsted
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How Not to Run a Debt-Burdened Supermarket

13 1
06.02.2024

Another plot twist has emerged in the tale of a British supermarket buyout by private equity. Asda Group Ltd. Chairman Stuart Rose needs to swiftly hire a new chief executive officer to ensure that the........

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