A new £6.8 billion landmark deal has been agreed to officially place ASDA into the ownership of billionaire Issa brothers from Blackburn.
The reported multi-billion deal will see the supermarket chain under British ownership after 20 years.
Previous American-owner Walmart has accepted an offer from a consortium of Zuber and Mohsin Issa – of EG Group – and private equity firm TDR Capital, which meaning the supermarket chain will be majority owned by UK firms for the first time since 1999.
Roger Burnley – Chief Executive Officer of ASDA – said: “This new ownership opens an exciting new chapter in ASDA’s long heritage of delivering great value for UK shoppers.
“With our combined investment, expertise and ambition, ASDA, Walmart, the Issa brothers and TDR have an incredible opportunity to accelerate our existing strategy and develop an even more exciting offer for our customers as well as strengthen our business for our colleagues.
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“In a constantly changing retailing environment, our new ownership will further enhance our resilience, whilst creating significant, additional opportunities to drive growth.
“For ASDA colleagues, a strong and growing business is important for our long-term future.”
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Mohsin and Zuber Issa started out in a garage which their dad – who had worked in a woollen mill – bought and branched out on their own by first renting a petrol station for two years, then in 2001 buying their first forecourt – a derelict freehold site in Bury – and formed Euro Garages.
The EG Group now has almost 6,000 sites across 10 countries, from the UK to the US and Australia. It runs outlets for Greggs, Starbucks and KFC, and employs 44,000 people.
In 2017, the EG Group also bought 77 Little Chef roadside restaurants.
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Speaking on the ASDA deal, Mohsin and Zuber Issa said: “We are very proud to be investing in ASDA, an iconic British business that we have admired for many years.
“ASDA customer-centric philosophy, focus on operational excellence and commitment to the communities in which it operates are the same values that we have built EG Group on [and ASDA’s] performance through the COVID-19 pandemic has demonstrated the fundamental strength and resilience of the business,
“We are excited to support Roger and his team as they continue to reposition the business to drive long-term growth.”
Zuber continued: “We grew [the EG Group] from nothing. We’ve been on the pumps, we’ve been stocking the shelves, cleaning the toilets. You do everything, and once you do the foundation work, it’s no different wherever you go in the world.
“It’s a petrol station – you’re selling fuel, you’re selling coffee, you’re selling convenience.”
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Pubs can extend their opening hours if England make it to the Euro 2024 semi-finals
Emily Sergeant
Pubs are to be permitted to extend their opening hours if England make it through to the semi-finals of EURO 2024 this summer.
With the Premier League, and the English and Scottish football leagues, all drawing to a close over the next couple of weeks, our nations are already looking ahead to what is gearing up to be a massive summer of sport – with both the UEFA EURO 2024, and the 2024 Olympics coming up before August is out.
And now, it’s been revealed by Home Secretary James Cleverly that if either England or Scotland’s mens national football teams make it to the semi-final of European football’s flagship tournament, then pubs will be allowed to stay open for longer.
But, there’s a bit of a catch… because isn’t there always?
The Government has said that venues will be allowed to stay open for an extra two hours on match days if either or both teams reach the last four or the final of the competition, but this only applies to pubs that already have a license to open until 11pm anyway.
The move to extend opening hours comes after a consultation at the end of last year, and is hoped to provide a boost to the hospitality industry – which has notably been hit hard during the ongoing cost of living crisis.
The Home Secretaries in England and Wales, under Section 172 of the Licensing Act 2003, can make an order relaxing licensing hours to mark occasions of “exceptional national significance”, but the Scottish and Northern Irish Governments have to set their own rules.
“We have listened to the public through our consultation,” explained Home Secretary James Cleverley, “and we will be extending pub licensing hours should England or Scotland reach the semi-finals or final of Euro 2024.”
The EURO 2024 semi-finals are to be held on Tuesday 9 and Wednesday 10 July / Credit: UEFA
Mr Cleverley said the move will “allow friends, families and communities to come together for longer to watch their nation hopefully bring it home”.
This legislation is set to be laid in Parliament today (Wednesday 8 May) to ensure there is enough time for it to be debated and passed before the tournament begins on Friday 14 June, the Government has confirmed.
Blue Peter is launching a FREE book club for kids at Manchester’s Central Library
Emily Sergeant
Blue Peter is launching a book club for kids right here in Manchester later this month, and it’s free for everyone to get involved with.
Book-loving mini Mancs are in for a real treat in a couple of weeks time, as the iconic BBC children’s TV series is partnering with Manchester Libraries and The Reading Agency for an exciting new project called ‘Blue Peter Book Club Live’.
Officially kicking off at the Central Library in the heart of Manchester city centre next Saturday (18 May) Blue Peter Book Club Live is set to be a “fun-filled event” that’s open to all.
It's official! The Blue Peter Book Club is launching live from Manchester Central Library. 💙
— Manchester City Council (@ManCityCouncil) May 8, 2024
Not only will kids get to discover a whole host of “brilliant books” and “celebrate the joy and adventure of reading” with guest authors Eve Ainsworth, and the Children’s Laureate Joseph Coelho, but there’ll also be the chance to meet Blue Peter presenters Abby, Joel, and Shini, along with Henry the Blue Peter Dog, at the free event too.
CBeebies presenters George Webster and Gyasi Sheppi will also be there to take families on some “enchanting escapades” with magical story time sessions.
Creative crafts, masses of books, and the opportunity to meet some classic book characters like Alice, the Mad Hatter, Willy Wonka, Peter Pan, and more, are also set to make the library “come to life”.
Blue Peter is launching a free book club for kids in Manchester / Credit: BBC & The Reading Agency
The Blue Peter Book Club ‘Badge Trail’ also launches on the day too, and it challenges children to discover special Blue Peter badges on display in 12 different cultural venues across Manchester – with a bonus badge in the Blue Peter Garden in Salford, and some exciting prizes up for grabs.
Beyond the launch event, a series of ‘Book Hunt events will also be coming to “unexpected settings” in Manchester’s parks and open spaces throughout the summer too, and schools across the Greater Manchester region can also join in with Blue Peter Book Club Live by using activity packs and reading resources developed by The Reading Agency to create a “nationwide celebration”.
Ahead of the event next weekend, Councillor John Hacking, who is the Executive Member for Skills Employment and Leisure at Manchester City Council, has called Blue Peter’s new book club a “magnificent initiative”.
Blue Peter Book Club Live will kick-off with a launch event at Manchester Central Library / Credit: Ricardo (via Flickr)
“We are thrilled to be hosting this exciting book event alongside our partners in the iconic Central Library,” Cllr Hacking commented.
“The book club is a magnificent initiative to inspire a love of reading and creativity to get our children engaged and excited by books, and this launch event is one that families with young children will not want to miss.”