If the news this week is accurate, Asda will soon be returning to a majority UK ownership, with TDR Capital having beaten an incredibly tough field of competitors to be in the driving seat for the acquisition. Having recently been working with a robotic automation business servicing the groceries and retail sector. I have been so impressed by the incredible advancements in technology that has propelled this industry forward into e-commerce and, frankly, made existence during lock down bearable for so many of us.
The team at TDR deserve the credit for having brought this opportunity to the line and I wish them all the best over the next few weeks. This is a highly competitive sector and they are taking on stiff competition who have moved early to automate; with Asda's focus on price, and as a significant employer in the north of England, they have to make good on this investment in more ways than one. All the best TDR.
Billionaire brothers in pole position to buy Asda in £6.5bn swoop The Issa brothers and TDR Capital have been chosen as the preferred bidder for Asda