Asda

Asda Stores Limited
Asda
Formerly
  • Associated Dairies & Farm Stores (Leeds) Limited[1]
  • Associated Dairies Limited[2]
Company typePrivate
IndustryRetail
Founded19 February 1949 (1949-02-19)[2] in Knottingley, West Riding of Yorkshire, England
Founders
  • Peter Asquith
  • Fred Asquith[3]
  • Sir Noel Stockdale[4]
HeadquartersLeeds, West Yorkshire, England
Number of locations
1,106 (2025)[5]
Area served
United Kingdom
Key people
Allan Leighton (chairman)
Products
BrandsLeon Restaurants
Services
  • Asda Living
  • Asda Mobile
  • Asda Money
  • Asda Rewards
  • George
Revenue £21.9 billion (excluding fuel, 2023)[6]
>£1 billion (2023)[6]
Owner
  • TDR Capital (67.5%)
  • Mohsin Issa (22.5%)
  • Walmart (10%)
Number of employees
145,000 (2022)[7]
Divisions
  • Asda Living
Subsidiaries
  • Asda Mobile
  • Asda Money
  • Leon Restaurants
Websiteasda.com

Asda Stores Limited (/ˈæzdə/), trading as Asda and often styled as ASDA, is a British supermarket and petrol station chain. Its headquarters is in Leeds, England.[8] The company was incorporated as Associated Dairies and Farm Stores in 1949. It expanded into Southern England during the 1970s and 1980s, and acquired Allied Carpets, 61 large Gateway Supermarkets and other businesses, such as MFI. It sold these acquisitions during the 1990s to concentrate on the supermarkets. It was listed on the London Stock Exchange until 1999 when it was acquired by Walmart for £6.7 billion. Asda was the second-largest supermarket chain in the United Kingdom between 2003 and 2014 by market share, at which point it fell into third place.[9][10] As of January 2025 its market share in the UK is 12.6 per cent.[11]

Besides its core supermarkets, the company also acts as a white label payment card provider offering assistance for insurance and payment services under the Asda Money brand and also has a mobile virtual network operator.

In February 2021, the Issa brothers and TDR Capital acquired Asda, with Walmart retaining "an equity investment" in Asda, a seat on the board and "an ongoing commercial relationship".[12] The deal came after an acquisition by Sainsbury's was rejected by the Competition and Markets Authority.[13][14] As of March 2025 the company is majority-owned by TDR Capital after buying Zuber Issa's 22.5 per cent holding; Mohsin Issa retained a 22.5% stake but discontinued running the company in September 2024.[15]

  1. ^ "Incorporation". Companies House. 19 February 1949. Retrieved 30 August 2023.
  2. ^ a b "Asda Stores Limited overview – Find and update company information". Companies House. Archived from the original on 30 August 2023. Retrieved 30 August 2023.
  3. ^ "Our History – ASDA Corporate". Corporate. Corporate.asda.com. Archived from the original on 16 July 2021. Retrieved 8 February 2019.
  4. ^ "Sir Noel Stockdale". The Daily Telegraph. 9 February 2004. Archived from the original on 18 October 2023. Retrieved 8 February 2019.
  5. ^ "Store Locator". ASDA Group Limited. Archived from the original on 11 December 2023. Retrieved 13 February 2025.
  6. ^ a b "Debt-laden Asda publishes delayed financials". Proactiveinvestors UK. 22 April 2024. Retrieved 6 January 2025.
  7. ^ "Asda Stores Ltd, Company facts". Corporate. ASDA Stores Limited. 25 April 2022. Archived from the original on 28 May 2023. Retrieved 29 March 2018.
  8. ^ "Contact the right service team". Asda. Archived from the original on 22 July 2010. Retrieved 20 June 2010.
  9. ^ Sweney, Mark (2 April 2019). "Sainsbury's falls behind Asda to become UK's third biggest supermarket chain". The Guardian. Archived from the original on 31 March 2020. Retrieved 8 April 2019.
  10. ^ "Market share of grocery stores in Great Britain for the 12 weeks ending March 29, 2015". Statista. Archived from the original on 17 January 2014.
  11. ^ Louis, Yasmeen (4 February 2025). "Lidl and Ocado thrive as Asda's market share slumps". Retrieved 10 February 2025.
  12. ^ "Issa Brothers and TDR Capital Complete the Acquisition of Asda from Walmart". corporate.walmart.com. Archived from the original on 16 February 2021. Retrieved 6 April 2021.
  13. ^ Bourke, Joanna (17 February 2021). "Issa brothers and TDR Capital complete purchase of supermarket chain Asda". Evening Standard. Archived from the original on 18 October 2023. Retrieved 19 February 2021.
  14. ^ "Issa brothers complete £6.8bn acquisition of Asda from Walmart". Business Insider. 16 February 2021. Archived from the original on 23 November 2021. Retrieved 19 February 2021.
  15. ^ Butler, Sarah (17 March 2025). "Tesco, Sainsbury's and M&S shares take £3.5bn hit amid Asda price war fears". The Guardian.
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