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Asian Communities
09:23, 30 MAY 2023
Billionaire Issa brothers confirm Asda to buy º£½ÇÊÓÆµ operations of EG Group for over £2bn
North West
The deal is expected to be completed in the fourth quarter of 2023
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Billionaire Issa brothers to announce £10bn merger between Asda and EG Group
North West
Both EG Group and Asda are chaired by former Marks & Spencer and Ocado Group chair Lord Rose
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Boohoo CEO handed £650,000 bonus despite fashion giant making almost £91m loss
North West
Boohoo has been affected by rising costs, including shipping, staffing and energy, as well as shoppers returning to the high street
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Paid internship scheme for West of England students from minority backgrounds returns
Employment
Financial services firm Hargreaves Lansdown and Bafta-award winning television production company Plimsoll Productions are among the organisations taking part in the programme
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Interns secure paid placements with Bristol creative firms as part of inclusivity drive
Creative & Digital
Oscar-winning Wallace and Gromit creators Aardman Animation are among 15 organisations taking part in the programme; a collaboration between the Bristol Creative Industries network and social enterprise Babbasa
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The Sunday Times Rich List 2023: The wealthiest people in the North West named
North West
Sir Jim Ratcliffe and the owners of Asda and Home Bargains have all made this year's list
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Asda issues statement after being accused of threats to cut pay of 7,000 staff
North West
Asda is owned by the billionaire Issa brothers and TDR Capital
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Andy Murray-backed Castore sets its sights on European expansion
North West
Castore was founded in 2015 by Wirral-based brothers Phil and Tom Beahon
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Boohoo slumps to £91m loss as the cost-of-living crisis squeezes shoppers
North West
During the year the number of people employed by Boohoo increased from 5,350 to 6,190
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Almost £3m owed by company behind Real Housewives of Cheshire star Seema Malhotra's Forever Unique ahead of liquidation
North West
Forever Unique is still trading and being run by a new operating company
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Sportswear brand Castore eyes sales of $250m after new kit deals fuel expansion
North West
Castore's shareholders include Andy Murray and the billionaire Issa brothers
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Nisha Katona's Mowgli Street Food creates hundreds of jobs as expansion fuels revenue surge
North West
Mowgli Street Food has reported its first pre-tax profit
Bookmark
GMB Union calls on Kemi Badenoch to intervene in Issa brothers' proposed £12bn merger of Asda and EG Group
North West
If a merger is completed, it would create a group with 581 supermarkets, 700 petrol forecourts and more than 100 convenience stores
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Boss of THG activist shareholder Kelso Group joins Boohoo board
North West
Kelso Group is chaired by former DLA partner Sir Nigel Knowles while other investors include Luke Johnson, Nigel Wray and Umar Kamani
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Company behind 'property dating' app run by PrettyLittleThing's Adam Kamani owed almost £3m as it entered liquidation
North West
The business was set up in February 2017 and is based in Little Peter Street, Manchester
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Firm behind Real Housewives of Cheshire star Seema Malhotra's Forever Unique collapses into liquidation
North West
Forever Unique brand remains open as Begbies Traynor said 'all options had been explored' to keep trading company open
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Profits dip at Asda as shoppers hit by cost-of-living crisis in first full year of ownership by billionaire Issa brothers
North West
The billionaire Issa brothers bought Asda alongside private equity backers TDR Capital in early 2021
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Billionaire Issa brothers make offer to get Asda's £600m Co-op deal approved amid £8bn Subway move
North West
In August 2022, the Co-op first revealed plans to sell its 132 petrol stations and attached convenience stores in a bid to bolster its finances
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American Express signs deals with Timpson, B&M and billionaire Issa brothers' EG Group
North West
Charities Sue Ryder and British Heart Foundation (BHF) have also recently signed
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The five challenges facing fast fashion after the rise and fall of In The Style
North West
Missguided, I Saw It First and Lavish Alice have all faced financial troubles over the last year
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Profits rise to almost $1.5bn at billionaire Issa brothers' EG Group as sales surge 25%
North West
The billionaires also own Asda separately to EG Group
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Boohoo shareholders revolt over £175m bonus plan
North West
The bonus plan was first announced by Boohoo last month
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Billionaire Issa brothers’ EG Group in $1.5bn US property sale to slash debt
North West
The brothers also co-own Asda with TDR Capital
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THG, Steven Bartlett and Home Bargains: The 13 latest North West deals you should not miss
North West
A range of businesses from across the region have announced major deals over the last week
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