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Asda: Debt-laden grocer cashes in on price matching schemes as hunt for new chief gets underway

Asda, the debt-laden grocery chain, said Aldi and Lidl price matching schemes helped revenue grow in the first quarter.

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Asda delivers more than £1bn of underlying profit and significant strategic progress in 2023 – International Supermarket News

Asda delivers more than £1bn of underlying profit and significant strategic progress in 2023 – International Supermarket News
internationalsupermarketnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from internationalsupermarketnews.com Daily Mail and Mail on Sunday newspapers.

United kingdomMichael gleesonMohsin issaStacey solomonEg group united kingdomTakeout clubAsda rewardsJust essentialsChief financial officerMega eventBom bahiaKids eatAsda retailAsda express

Struggling Asda promises to cut £3 8bn debt pile

Asda s debt pile increased to £3.8n in 2023 from £3.7bn in 2022 after it took over parent company EG Group s UK convenience store business.

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UK Grocer Asda Seeks to Tackle Debt Wall With New Loan, Bond

(Bloomberg) Asda Group Ltd. is planning a bond and loan issuance to help refinance the debt pile that supported its acquisition by gas-station entrepreneurs Mohsin and Zuber Issa, according to people familiar with the matter.Most Read from BloombergRay Dalio’s Famous Trade Is Sputtering, Investors BailingTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayZimbabwe’s ZiG Wipes Out 330% Stocks RallyBillionaire Pinaults Fight to Pull Gucci Off the Discount RackRussians Transform Dubai

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Asda delivers more than £1bn of underlying profit and significant strategic progress in 2023 – International Supermarket News

Asda delivers more than £1bn of underlying profit and significant strategic progress in 2023 – International Supermarket News
internationalsupermarketnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from internationalsupermarketnews.com Daily Mail and Mail on Sunday newspapers.

United kingdomMohsin issaStacey solomonMichael gleesonTakeout clubEg group united kingdomAsda rewardsJust essentialsChief financial officerMega eventBom bahiaKids eatAsda retailAsda express

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