What's next for Asda after the Walmart era?

Following a drawn-out bidding process interrupted by Covid-19, Walmart has finally managed to offload Asda – 20 years after it bought the grocer and for roughly the same price it originally paid. The new majority owners are the publicity-shy, Blackburn-based brothers Mohsin and Zuber Issa, who also run petrol station chain EG Group, together with investment firm TDR. Private equity houses Apollo and Lone Star both lost out. The return of Asda to British ownership has been widely cheered, w