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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EG Group / Issa Brothers
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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One in 10 Brits are fired or disciplined after their work’s Christmas party, new survey finds
Emily Sergeant
We’re in peak office Christmas party season right about now.
With just under two weeks to go until the big day itself is here, many businesses across the UK are treating their staff to night out to celebrate both the festive season and all of the hard work they have been putting in throughout the year… and as you can expect, these are usually quite eventful gatherings, shall we say.
But now, a survey by has shed light on just how ‘eventful’ they actually are, as a new survey has revealed that, apparently, one in ten Brits face some sort of disciplinary action or dismissal due to their behaviour at Christmas parties.
The study was conducted by After Drink, and included more than 2,000 participants.
During the research, it was highlighted that 89% of employees admitted to drinking alcohol at these events, Lad Bible reports – with 65% of these confessing that they drank “excessively”.
One in 10 Brits get fired or disciplined after their work’s Christmas party / Credit: Kraken Images | Mimi Thian (via Unsplash)
There are a multitude of incidents which could lead to disciplinary action in the workplace nowadays, but according to the survey, some of the common reasons following festive celebrations with colleagues included inappropriate comments (23%) and even getting into fights (21%).
16% of these incidents were because of drug use during the event, while inappropriate interactions with colleagues accounted for 14%.
Some of the legal reasons you can be fired from your place of work after a Christmas party include gross misconduct, drunken behaviour, and fighting of any kind.
Despite all these risks, however, Christmas parties still remain as popular as always, and a whopping 79% of respondents said they are planning to attend theirs this year.
Clearly, the moral of the story here is , enjoy yourself… but just not too much.
Featured Image – The OurWhiskey Company (via Pexels)
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Half of Mancs don’t know how to cook Christmas dinner, new survey reveals
Emily Sergeant
Christmas dinner is one of the key parts of any festive celebration.
No matter whether you choose to tuck into a traditional roast with all the trimmings and lashings of gravy, or you prefer to go for something a little different like a curry or a Chinese instead, your Christmas dinner is a chance to gather round with your loved ones and enjoy one of the heartiest meals you’ll likely have all year.
However, some shocking new figures have revealed that half of Manchester residents have no clue how to even cook a Christmas dinner.
Through a major study by the UK’s leading electrical retailer, AO.com, it was revealed that the majority of our city’s residents are “losing confidence” in preparing even the simplest of British dishes – with a traditional roast or Christmas dinner being one of them.
A new survey has revealed that half of Mancs don’t know how to cook Christmas dinner / Credit: Freepik | GoodFon
As part of its new campaign to get Brits back into the kitchen, AO found that just 57% of respondents reckon they would be able to make a roast dinner, 52% could whip up a classic shepherd’s pie, 58% could cook bangers and mash, merely 61% could prepare a full English breakfast, and again, only 57% could tackle fish and chips.
Classic desserts are clearly a struggle for us Mancs too, according to the survey, as only 19% of respondents said they’d feel confident cooking a Christmas pudding.
The survey also found that nationwide, it was Gen Z – those between the age of 16 and 27 – that are the least confident in their ability to cook great British classics, while on the other end of the spectrum, Baby Boomers are the most capable, proving that culinary confidence increases with age.
Our region’s residents are apparently ‘losing confidence’ at cooking simple British classics / Credit: Freepik
Commenting on the results, Jay Lockton, oven expert at AO.com, said: “Kitchens should be a place of creativity and joy, but our data shows that a lot of people in Manchester are losing confidence in preparing even the simplest of British dishes.
“Based on our findings, many younger people may be opting for convenience foods or takeaways due to their busy schedules and the perception that cooking from scratch is time-consuming or difficult.
The Manc -
2nd October 2020 
