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Asda's private equity owners face grilling by MPs over mounting debts
An Asda sign at the store in Leyton, east London, February 19, 2014
ASDA’S private equity owners face a grilling from MPs next Tuesday amid concerns over the supermarket giant’s falling market share and high debt levels.
TDR Capital, which, along with Blackburn’s billionaire Issa brothers, bought the chain in February 2021, will give evidence to the business and trade select committee.
Both the GMB union and Asda bosses gave evidence at a committee session before Christmas, but TDR Capital, which owns a 45 per cent share of the business, did not attend.
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