October 18, 2017 7:48 AM ET

Food and Staples Retailing

Company Overview of ASDA Group Limited

Company Overview

ASDA Group Limited, together with its subsidiaries, engages in retailing food, clothing, home, and leisure products and services in the United Kingdom. The company also sells its products online. ASDA Group Limited is based in Leeds, the United Kingdom. ASDA Group Limited is a subsidiary of Corinth Investments Limited.

ASDA House

Southbank

Great Wilson Street

Leeds,  LS11 5AD

United Kingdom

165,721 Employees

Key Executives for ASDA Group Limited

Chief Operating Officer
Managing Director of Clothing Brand George and Director
Age: 59
Director of Corporate Finance
Secretary
Property Development Director
Compensation as of Fiscal Year 2017.

ASDA Group Limited Key Developments

ASDA Reportedly Considering To Takeover B&M

ASDA Group Limited is reportedly considering a £4.4 billion takeover bid for BB&M European Value Retail S.A. (LSE:BME). According to Telegraph, senior Asda sources said that there was no truth to speculation that it was mulling a takeover of B&M.

Asda Signs Contract with 13 Breweries in Scotland

Asda Stores Limited has signed a new deal with 13 Scottish breweries, with a contract value of GBP 850,000. The new deal means that Asda stores across Scotland will now stock over 75 Scottish beers, ales and ciders, as customers look for more premium drinking experiences from local brands.

Sainsbury Reportedly Nears Home Retail Acquisition

J Sainsbury plc (LSE:SBRY) nears the acquisition of Home Retail Group plc (LSE:HOME). According to the talks, the advisors form both the companies were set to spend the weekend locked in talks to thrash out a deal. Representatives of the two sides were said to sign off an agreement in the early part of next week, ahead of the Takeover Panel’s ‘put up or shut up’ deadline of February 2, 2016. The talks have taken on added urgency due to the market chatter that ASDA Group Limited is also eyeing Home Retail. Daily Mail added that Sainsbury and Home Retail declined to comment. Shares of Home Retail rose 7.5 pence to 144.7 pence.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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