TDR Capital
British private equity firm headquartered in London
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01.07.2024Labour Party wins the general election
01.07.2024Labour Party wins the general election
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business 2025-04-01 00:00
Asda IT upgrade costs soar past £1 billion amidst challenges - Asda's IT upgrade project, known as Project Future, is experiencing significant cost overruns, accumulating nearly £1 billion since its launch in 2021.
- The supermarket plans to inject an additional £175 million into the project for critical IT system separations from Walmart.
- The ongoing financial strain is impacting Asda's operational performance and leading to layoffs within the IT division.
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business, society 2024-08-14 00:00
Union Demands Action to Save Asda Jobs Amid Sales Drop - GMB union calls for urgent action to protect jobs at Asda amid sales drop.
- Accuses owner TDR Capital of mismanagement as supermarket sales fall by 6%.
- Asda employees fear for their jobs as the company fights for survival.
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business 2024-06-08 13:15
Billionaire Brothers Split Business Empire as Asda Co-Owner Sells Stake to TDR Capital - Zuber Issa, co-owner of Asda, sells his stake to private equity company TDR Capital, paving the way for the equity giant to take majority control.
- Asda's corporate structure sparks political questions as billionaire brothers behind the supermarket chain divide their business empire.
- The business deal signifies a significant shift in ownership structure and strategic direction for Asda.
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