Asda raises £568m from supermarket sell-offs
Asda has secured nearly £600m through sale-and-leaseback deals for its stores, using the funds to repay looming debt to former owner Walmart. Discover the supermarket's financial strategy.
Asda has secured nearly £600m through sale-and-leaseback deals for its stores, using the funds to repay looming debt to former owner Walmart. Discover the supermarket's financial strategy.
Asda plans to sell and lease back 24 stores and a distribution centre to raise £568m, a move analysts call a 'sign of weakness' as the supermarket continues to lose market share.
Asda is selling 24 supermarkets and a distribution centre for £568m in a sale-and-leaseback deal. No stores will close, and all staff will remain in place. Read more.
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Thousands of users across the UK report simultaneous outages affecting Microsoft services, Xbox Live and ASDA operations in a major technical failure.
Asda brings back its beloved Winter Warmers deal, offering soup, mince pies and unlimited hot drinks for just £1 in all UK cafés throughout November and December.