Following the successful partnership at EG Group, TDR Capital acquired ASDA jointly with the Issa Brothers (our co-shareholders in EG Group) in February 2021. The company was acquired from US retailer, Walmart, who remain invested in the business.
ASDA is the third-largest grocery retailer in the UK with a c.14% market share and an omni-channel, multi format food and non-food offer. It is the second-largest grocery retailer in the North of England, Scotland and Wales, the #3 convenience retailer in the UK and has the second-largest online grocery platform in the UK.
The company operates a significant store estate across over 600 sites in the UK, with its core focus being the operation of edge-of-town superstores with an average surface area of over 4,000 square metres. The food and non-food offer are focused on everyday affordable pricing, targeting a broad customer demographic. ASDA operates in the large and historically stable UK grocery retail market that is underpinned by favourable macroeconomic factors.
Following the successful partnership at EG Group, TDR Capital acquired ASDA jointly with the Issa Brothers (our co-shareholders in EG Group) in February 2021. The company was acquired from US retailer, Walmart, who remain invested in the business.