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Asda commented, "Everyone at Asda regrets what happened, particularly as we are passionate about lowering prices. Our intention was to provide more money for dairy farmers, who were under severe financial pressure at the time." [162] In total, Asda was fined £18.21 million by the Office of Fair Trading for its part in the cartel. [163]
Mohsin Issa was born in July 1971, and Zuber Issa in June 1972 in Blackburn, Lancashire in North West England into an Indian Gujarati Muslim family [8] [9] to parents Vali and Zubeda who came to the United Kingdom from Bharuch, Gujarat, India in the 1960s to work in the textile industry, and then ran a petrol station. [10]
Asda CEO Archie Norman commented that Davies grasped the fact that the line had to be based on value, and be a distinct brand name on its own. The George brand and range was developed by Davies's company Red Creative, set up to provide full clothing retail solutions [clarification needed] through a team of designers and marketeers.
There were initial reports the stabbing happened at the Asda supermarket, but the Metropolitan Police have since clarified the incident occurred at a warehouse near the store.
Netto primarily expanded in central England, before moving into Southern England, namely London.In January 2005, plans for a £200 million investment in South Wales were announced, but were cancelled for logistical issues, resulting in the sale of stores in Barry and Caerphilly. 1,700 jobs were promised in the expansion, but only a few were created.
Woolco was an American-based discount retail chain. It was founded in 1962 in Columbus, Ohio, by the F. W. Woolworth Company.It was a full-line discount department store unlike the five-and-dime Woolworth stores which operated at the time.
A takeover of Safeway by Sainsbury's, Asda or Tesco was "expected to operate against the public interest, and should be prohibited". However, a takeover by Morrisons was held to be acceptable on the condition that 53 shops of the combined operation be sold, due to local competition issues. Patricia Hewitt accepted these recommendations. [20]
Tesco is the largest supermarket chain in the United Kingdom.. As of November 2024, there are 17 supermarket chains currently operating in the United Kingdom. The food retail market has been dominated by the 'big four' supermarkets – Tesco, Sainsbury's, Asda and Morrisons – who made up over three quarters of sector market share in 2010.