Asda apologises for payroll chaos that left thousands of workers out of pocket

2 months, 2 weeks ago

Avenue Supermarts CEO Neville Noronha steps down after 20-year stint at DMart, Unilever’s Anshul Asawa to be new chief

DMart leadership transition: Avenue Supermarts, which operates the retail chain DMart, announced a top-level management reshuffle and leadership transition on Saturday, January 11, after CEO and Managing Director Neville Noronha stepped down from his position after an illustrious stint spanning over two decades. DMart leadership transition: Anshul Asawa to replace Neville Noronha Anshul is expected to take over as the …

India Leadership Company Ceo Neville Unilever Avenue

3 months ago

Walmart hit with bombshell lawsuit accusing retail giant of massive privacy breach

Daily Mail

Walmart has been slapped with a bombshell federal lawsuit that claims it deceived more than a million of its independent delivery drivers. The lawsuit by the Consumer Financial Protection Bureau alleges that the company used driver's social security numbers and other personal information to open accounts on the payment platform Branch Messenger. Walmart U.S. CEO John Furner poses in front …

Lawsuit Drivers Branch Accounts Cfpb Walmart Delivery

4 months, 3 weeks ago

Asda plots more job losses after 500 staff made redundant without consultation

The Telegraph

Asda is plotting more job cuts just days after it made almost 500 staff redundant without a consultation period. Staff brought in to work on the supermarket’s IT overhaul are expected to be targeted in the next wave of redundancies, with the programme, dubbed internally “Project Future”, expected to be completed early next year. It comes amid growing scrutiny of …

4 months, 3 weeks ago

Asda to axe hundreds of jobs while ordering head office staff to get back to their desks more days a week after sales slump

Daily Mail

Supermarket giant Asda has decided to axe hundreds of jobs while sales slump in the latest of a series of controversial moves as its new boss insists 'change is never easy'. It also comes as staff at 20 Asda stores across the UK complained new the 11-hour shifts were 'physically demanding' and left them worn out on their extra day …

Rose Staff Head Leeds Asda Office Workers Sales Slump

4 months, 3 weeks ago

Asda axes jobs and orders staff back to the office three days a week

The Telegraph

Asda is ordering staff back to the office at least three days a week, while also cutting 475 jobs in an attempt to halt the supermarket’s decline. The retailer announced the change in an internal email on Tuesday, which will apply to more than 5,000 head office workers across three different locations in Leeds and Leicester. In a note to …

Asda

6 months, 1 week ago

Asda co-owner Mohsin Issa steps back as hunt for CEO continues

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Asda co-owner Mohsin Issa has …

Group Chief Issa Tdr Executive Asda Mohsin

6 months, 2 weeks ago

Boots appoints new boss to take over in November

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Boots has appointed Anthony Hemmerdinger, …

James Boots Mr Hemmerdinger

7 months, 3 weeks ago

Asda sales shrink as customers switch to supermarket rivals

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Asda sales dropped further over …

Sales Asda Mohsin Issa Customers Switch Market Rivals

9 months, 3 weeks ago

Billionaire Issa brothers end Asda tie-up as union attacks private equity owners

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Zuber Issa has ended his …

Capital End Gmb Supermarket Tdr Asda Mohsin

11 months, 3 weeks ago

Asda forced to share unaudited results with investors after delayed sign-off

The Telegraph

Asda has been forced to share draft results with investors after its auditor failed to sign off company accounts, The Telegraph can reveal. The supermarket’s bosses took the unusual decision to share a private presentation with lenders late last month, during which Asda revealed unaudited profits of £248m from revenues of £25.6bn for 2023. The decision to delay Asda’s results …

Asda Finance Costs

1 year ago

Asda to hike basic pay to £12.04 an hour in £150m investment

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The UK’s third largest supermarket chain said it will …

Pay Express M25 Issa Asda

1 year, 1 month ago

Asda workers to strike for 48 hours

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Regional officer Nicola Nixon said: “Counter-proposals have ben made …

Gmb Free Breaking Gosport

1 year, 2 months ago

Asda owners insist chain had no ‘strategy’ to profit from higher fuel prices

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. For the record, there is no hole in the …

Tdr Asda Tdr Capital Fuel Prices Fuel Price

1 year, 10 months ago

Asda billionaires’ debt-fuelled empire puts pressure on prices

The Telegraph

However, the supermarket has been battling to get prices down to fend off competition from German discounters Aldi and Lidl. Raising money from private investors has “not been an issue”, he said, despite the ongoing debt market malaise caused by rising interest rates and fears of global recession. “Normally you will go for a private solution if a public solution …

Debt Asda Puts Pressure

1 year, 10 months ago

Asda mulls CUTTING pay of 7,000 supermarket workers

Daily Mail

Supermarket giant Asda has been accused of threatening to 'fire and rehire' thousands of workers in a spat over pay. Claims: GMB union claims Asda has threatened to 'fire and rehire' affected workers The GMB union said there were plans to tell affected that they will lose a 60p an hour 'location supplement' and have their night supplement reduced. Asda …

Pay Gmb Supplement Asda

1 year, 11 months ago

Ex-Asda boss secures rescue deal of online butcher Farmison

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Mr Clarke, who will become executive chairman of Farmison, …

Business Frp Rescue Deal Farmison

2 years ago

Profits slip at Asda as shoppers hit by cost-of-living crisis

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The UK’s third largest supermarket chain said sales improved …

Growth Sales Asda Mohsin Issa

2 years, 3 months ago

Asda chairman criticises striking workers for pushing too hard on pay rises

The Telegraph

The chairman of Asda has criticised striking workers for pushing too hard for pay rises as a wave of industrial action threatens to bring Britain to a halt in the run-up to Christmas. Lord Stuart Rose, the former boss of Marks & Spencer, warned that the UK could not afford to give public sector workers significant pay increases and called …

Workers Pay Rose Asda Lord Rose

2 years, 10 months ago

Billionaire Issa brothers who own Asda launch bid to rescue McColl's

Daily Mail

The billionaire brothers who own Asda made a bid to rescue McColl’s after it collapsed yesterday. Morrisons, the UK’s fourth biggest supermarket chain, which is McColl’s sole supplier, had tabled a rescue bid for the business, offering to take on its debt and save it from collapse. The convenience store chain, which employs 16,000 staff and has 1,100 shops, fell …

Issa Store Morrisons Mccoll

3 years, 2 months ago

Asda hires Nisa boss to run stores in latest leadership shake-up

The Independent

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Asda has recruited current Nisa boss Ken Towle to run …

Leadership Team Asda Nisa Towle Ken Towle Mr Towle

3 years, 4 months ago

Issa brothers pick former M&S boss Stuart Rose to be Asda chairman

Daily Mail

Former Marks & Spencer boss Stuart Rose has been appointed chairman of Asda by the billionaire Issa brothers. The appointments come as Mohsin and Zuber Issa seek to beef up the board after buying Asda from US giant Walmart for £6.8billion last year with the backing of private equity group TDR Capital. Former Marks & Spencer boss Stuart Rose has …

Board Issa Asda Chairman Dame Alison Stuart Rose

3 years, 6 months ago

Asda confirms convenience store rollout as two more executives quit

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The details come as the supermarket also revealed two …

Sales Sign Asda Mohsin Zuber Issa Compared Executives Quit

4 years, 5 months ago

Walmart’s UK retreat leaves Asda with new owners, old problems

Live Mint

Walmart Inc.’s 1999 acquisition of Asda looked set to disrupt the U.K. supermarket business, with the U.S. retailer using its deep pockets to shake up entrenched players like Tesco Plc and J Sainsbury Plc. On Friday, the world’s largest retailer began a retreat, selling a majority stake in Asda to buyout firm TDR Capital and the Issa brothers, who made …

Market Convenience Online Sales Issa Walmart Stores Tdr

4 years, 5 months ago

Indian-origin billionaire brothers win bid to buy UK supermarket chain Asda

Live Mint

Indian-origin billionaire brothers Mohsin and Zuber Issa are set to acquire a majority stake in the leading UK supermarket chain Asda from its US owner Walmart after a USD 8.8-billion deal was struck as part of a consortium involving private equity firm TDR Capital. The supermarket deal, valued at around 6.8-billion pounds, follows an auction process for Asda over several …

Business Walmart Asda Eg Group Brothers Win

4 years, 5 months ago

Walmart agrees to sell Asda to billionaire petrol station tycoons for £6.8bn

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Walmart has agreed to sell …

British Owners Asda Walmart Agrees

4 years, 5 months ago

Walmart to sell UK chain Asda in $8.8 billion deal

Associated Press

LONDON — Retail giant Walmart has agreed to sell its British chain of supermarkets, Asda, to the investors behind an international group of gas stations and food shops in a deal that values the company at 6.8 billion pounds. Brothers Mohsin and Zuber Issa, along with investors TDR Capital will acquire a majority of Asda, while Walmart will retain a …

Walmart Asda

4 years, 5 months ago

Walmart sells UK supermarket Asda for $8.7 bn

Live Mint

US retail giant Walmart has agreed to sell its British supermarket chain Asda to two UK firms for £6.8 billion, they announced Friday. The Issa brothers, who run petrol stations and food outlets worldwide, have joined with private equity firm TDR Capital to purchase Asda which last year regulators blocked from merging with British supermarket group Sainsbury's. Brothers Mohsin and …

Walmart Asda

4 years, 5 months ago

Billionaire brothers buy Asda in £6.8bn deal

The Telegraph

Two self-made billionaire brothers from Blackburn have pledged to invest £1bn in Asda to sell more British food and turbocharge its convenience arm. The Issa brothers together with investment firm TDR Capital took control of the supermarket, returning it to British ownership for the first time in more than 20 years as part of a £6.8bn deal. Chancellor Rishi Sunak …

Buy Asda Brothers Buy Brothers Buy Asda

4 years, 5 months ago

Walmart finds new buyers for UK supermarket chain Asda

CNN

London CNN Business — Walmart has found new buyers for Asda, its last major outpost in Europe. Asda’s new owners said they want to help the company “serve a wider base of UK shoppers,” and will invest over £1 billion in the next three years into the business and its supply chain. Walmart bought Asda in 1999, paying £6.7 billion …

Europe Billion Walmart Business Asda

4 years, 9 months ago

OYO announces ESOPs for all furloughed employees impacted by Covid-19

Live Mint

New Delhi: Hospitality firm OYO is granting employee stock ownership plans worth a total of around ₹130 crore to all its furloughed employees impacted by the COVID-19 pandemic as part of its efforts to minimise the disruption being experienced by them, an internal e-mail from its founder Ritesh Agarwal said on Monday. On April 8, OYO founder and Group CEO …

Employees Company Covid Oyo Agarwal Impacted Furloughed Employees

5 years, 2 months ago

Oyo, Walmart add to job gloom

Deccan Chronicle

NewDelhi/Chennai: It was all bad news on the job front on Monday. Though a media report suggested Walmart shed hundreds of senior jobs in India, the Beast of Bentonville later said it has sacked 36 executives, including eight in the senior management. Later on, Oyo hospitality chain, in an internal mail to its staff in India and South Asia, said …

Oyo Walmart India

5 years, 4 months ago

UAW President Gary Jones Abruptly Resigns Amid Corruption Scandal

NPR

UAW President Gary Jones Abruptly Resigns Amid Corruption Scandal Enlarge this image toggle caption Paul Sancya/AP Paul Sancya/AP The president of the United Autoworkers Union, Gary Jones, abruptly resigned Wednesday just as union leaders announced they would expel him and another top UAW official in an unfolding corruption scandal. In a related development, General Motors filed suit against rival Fiat …

Jones Fca Uaw Corruption Scandal Gary Jones Marchionne Uaw Officials

5 years, 10 months ago

With potentially huge Asda equal pay claim back in court, forget talk of a flotation

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. It follows Walmart International chief executive Judith McKenna telling …

Walmart Asda

5 years, 11 months ago

Asda-Sainsbury’s: Regulator blocks Walmart’s plan to sell its UK supermarkets

CNN

Hong Kong CNN Business — British regulators have derailed a blockbuster merger between two of the country’s biggest supermarket chains. The United Kingdom’s Competition and Markets Authority said on Thursday that it has blocked Walmart’s proposed sale of its British supermarket brand Asda to Sainsbury’s. “It’s our responsibility to protect the millions of people who shop at Sainsbury’s and Asda …

Merger Walmart Sainsbury Asda

6 years, 11 months ago

Sainsbury is said to consider buying Asda from Walmart

Live Mint

London: UK grocer J Sainsbury Plc is considering a purchase of rival Asda from Walmart Inc., in what could be a multibillion-pound deal creating Britain’s biggest supermarket operator, according to people familiar with the situation. The talks are an effort by Sainsbury to gain scale in a brutally competitive retail market where department-store chain BHS, electronics retailer Maplin and the …

London Market Walmart Tesco Sainsbury Asda

6 years, 11 months ago

Asda and Sainsbury's 'in talks' over £10bn merger to take on Tesco

Daily Mail

Sainsbury's and Asda are in talks over an astonishing £15billion mega-merger to create Britain's biggest supermarket chain. Asda then & now After running under the name of 'Queens', the Asquith family merged with Associated Dairies Asda's turnover is £21.7bn The average basket of shopping costs £80.05 Corporate giant Walmart's £6.7billion takeover made Asda a subsidiary of the US firm in …

London British Deal His Wife Britain German Merger

7 years, 7 months ago

Asda sales and profits collapse amid 'intense competition' from Aldi and Lidl

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The Walmart-owned company’s like-for-like sales were down 5.7 per …

Sales Cent Asda

8 years, 7 months ago

Asda hit by worst ever sales slump: Supermarket blames competition from discounters as revenues fall 7.5%

Daily Mail

The scale of the problems facing the new boss of Asda was laid bare yesterday as Britain's second-largest grocer posted its worst sales figures of all time. The supermarket giant, which has been trading since 1949 and is owned by America's Walmart, blamed fierce competition from discounters for a 7.5 per cent fall in sales for the three months to …

Price Sales Fall Cent Clarke Walmart Asda

9 years, 4 months ago

Black Friday: Asda drops out to avoid 'holding customers hostage' over sales

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Asda has said it is …

Black Friday Asda

10 years, 6 months ago

Tesco shares plunge as supermarket confirms investigation into inflated profits

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Shares in Tesco plunged in …

Investigation Lewis Tesco Emails Sign Shares Plunge

10 years, 6 months ago

SOE reforms to correct wage anomalies

China Daily

Move likely to affect salaries for about 200 executives of central govt entities The decision to cut salaries for top executives at State-owned enterprises that are directly administered by the central government is essential for wage normalization, analysts said on Wednesday. The Politburo of the Communist Party of China approved plans last week to cut the hefty salaries of top …

Financial Reforms Executives State Officials Central Top Executives

11 years, 2 months ago

Trouble for Wal-Mart: Mega-giant accused by U.S. government of illegally firing workers across the country

Salon

Wal-Mart illegally disciplined, threatened and surveilled workers – including unlawfully firing 19 people – according to a complaint released by the National Labor Relations Board Wednesday afternoon. And if they don’t, depending on the circumstances, there could be consequences.” It also cites the memo, read to employees by managers in various stores in February 2013, stating that “Should you participate …

Labor Work Workers Black Friday Walmart Nlrb

11 years, 7 months ago

Wal-Mart Blames Economy And Payroll Taxes For Slowed Earnings

NPR

Wal-Mart Blames Economy And Payroll Taxes For Slowed Earnings Enlarge this image Don Emmert/AFP/Getty Images Don Emmert/AFP/Getty Images Wal-Mart is blaming depressed demand amid a still-shaky economy and a rise in payroll taxes for disappointing earnings in the quarter ending July 31. Bloomberg reports: "Wal-Mart's sales have been hampered this year by a 2 percentage point increase in Social Security …

Sales Payroll Taxes

Asda apologises for payroll chaos that left thousands of workers out of pocket

History of this topic

Asda’s billionaire bosses knew payroll switch would spark crisis – but went ahead regardless

Asda cuts hundreds of HQ jobs as it battles grocery price war

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