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Place North West | Issas move to ward off Asda competition concerns


Sarah Townsend
Blackburn-based retailer EG Group has offered up 27 of its petrol station forecourts across the country as part of its takeover of the supermarket giant, to quell any residual worries the Competition & Markets Authority has about the deal.
The Government’s capital markets regulator is investigating EG’s proposed acquisition of a majority stake in Asda Group in a consortium with private equity firm TDR Capital – a £6.8bn deal agreed last October but still awaiting regulatory approval.
EG, whose subsidiary Euro Garages has more than 5,200 petrol stations across the UK and Europe, is owned by billionaire brothers Zuber and Mohsin Issa, who also also own a substantial regional property portfolio through investment vehicles such as Monte Blackburn, which is developing the Frontier Park logistics scheme in Lancashire. ....

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Asda could soon open nail bars and hair salons for shoppers in stores


The brothers have agreed on a deal to buy Asda for £6.8billion according to filings at Companies House.
According to The Sunday Times, the duo is looking to reduce the amount of space dedicated to groceries by around a quarter in order to introduce some new amenities for shoppers.
This reportedly would include everything from new cafes and takeaway kiosks, to nail bars and beauty salons.
It comes as the supermarket begins to battle against a growth in online shopping, as well as rising competition from discount food retailers including Aldi and Lidl.
Asda could be set to announce nail bars and salons in-store amid a new takeover (Image: Getty Images) ....

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