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  1. Home
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  3. Fashion & Apparel
  4. George
George logo
Fashion & Apparel

Who Owns George?

George is owned by Asda, a British supermarket chain acquired by TDR Capital in February 2022 for approximately GBP 6.8 billion. George was founded in 1989 by British fashion designer George Davies as a partnership with Asda. The brand is the second best-selling fashion label in the United Kingdom by volume and the market leader in childrenswear. Asda is privately held and headquartered in Leeds, West Yorkshire, England.

Parent Company

Asda

Founded

1989

Status

Private

Headquarters

Leeds, West Yorkshire, England, United Kingdom

George Timeline

1949
Asda

Parent company established in Leeds, West Yorkshire, England, United Kingdom

Company Founded
1989

George

Founded by George Davies

Founded
budgetmass marketUnited KingdomunisexOfficial Website

Who Owns George?

  • Parent Company: Asda
  • Ownership Type: Brand division
  • Company Type: Privately Held
BrandParent CompanyOwnership Type
GeorgeAsdaBrand division

Where to Buy

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AmazonGeorge on Amazon

History of George

  • Founded: 1989
  • Founders: George Davies

George Davies founded the George brand in 1989 as an exclusive clothing line for Asda. Davies was already a well-known figure in British retail, having previously founded the Next chain in 1982. His concept was simple: bring high street fashion quality to supermarket prices. The George brand launched with a small collection in Asda stores and quickly gained traction with British shoppers.

By the mid-1990s, George had become a significant revenue driver for Asda. The brand expanded into childrenswear, menswear, and womenswear, covering the full family apparel range. In 1995, George Davies left Asda to pursue other projects (he later founded Per Una for Marks and Spencer), but the brand retained his name and continued to grow under Asda's management.

Walmart acquired Asda in 1999 for GBP 6.7 billion, bringing George into the Walmart corporate portfolio. Walmart attempted to expand George into international markets, including the United States and Canada, but the brand struggled outside the UK. In North America, George was rolled out targeting women aged 30 to 50, but the demographic was not receptive. By 2018, weak sales forced Walmart to shrink George to just a menswear line in Canada.

In February 2022, TDR Capital completed the acquisition of Asda from Walmart, returning Asda and George to British ownership. Since the acquisition, Asda has invested in expanding George through standalone retail locations. The first standalone George concept store opened in Leeds in May 2025, with plans for 10 additional locations. Asda also completed its "Project Future" IT separation from Walmart's systems in 2025, a project costing over GBP 1 billion.

About Asda

Who owns Asda?
Asda is owned by TDR Capital (67.5%), Mohsin Issa (22.5%), and Walmart (10%). TDR Capital became majority owner in November 2024 after acquiring Zuber Issa's 22.5% stake. Walmart retained a 10% stake from the original 2021 acquisition.

Who founded Asda?
Asda was founded in 1949 through the merger of Associated Dairies and Farm Stores Union with the Asquith brothers' supermarket business. Key founders include Peter Asquith, Fred Asquith, and Sir Noel Stockdale. The name "Asda" is a contraction of "Asquith" and "Dairies."

Is Asda publicly traded?
No, Asda is a private company owned by TDR Capital, Mohsin Issa, and Walmart. The company files annual accounts with UK Companies House through its holding company Bellis Finco PLC but is not listed on any stock exchange.

What is Asda's revenue?
Asda reported FY2025 revenue of £25.9 billion including fuel (£21.0 billion ex-fuel), down 3.3% year on year. Adjusted EBITDA after rent was £764 million, down 33.1%. The company reported a loss before tax of £989 million.

How many stores does Asda have?
Asda operates over 1,200 stores and food service sites across the UK, including superstores, smaller supermarkets, Asda Express convenience sites, and food-to-go locations. The store footprint has grown from 623 to over 1,200 since the TDR Capital acquisition in 2021.

What is the George brand?
George is Asda's clothing and homeware brand, founded in 1990 by British fashion designer George Davies. It is the second best-selling fashion label in the UK by volume and the market leader in childrenswear. Asda is expanding George through standalone retail locations, with the first concept store opening in Leeds in May 2025 and 10 additional locations planned for 2026.

Who is Asda's chairman?
Allan Leighton serves as Executive Chairman, appointed in November 2024. He previously served as Asda CEO from 1996 to 2000 and is leading the company's "Formula for Growth" turnaround strategy.

What is Project Future?
Project Future was Asda's £1 billion-plus IT separation programme that de-linked Asda's operational infrastructure from Walmart's systems. The project was completed in 2025 but caused significant disruption to on-shelf availability and online customer experience in H2 2025. Availability recovered to 95%, an eight-year high, by mid-November 2025.

  • Founded: 1949
  • Headquarters: Leeds, West Yorkshire, England, United Kingdom
  • Company Type: Privately Held
  • Revenue: £25.9 billion (FY2025, including fuel)
  • Employees: 135,000+

Visit Asda website

View full company profile for Asda

Where Is George Made / Based?

  • Headquarters: Leeds, West Yorkshire, England, United Kingdom
  • Manufacturing / Operations: Bangladesh, China, Turkey, India, Vietnam

George Categories & Tags

ClothingApparelFashionAffordable FashionAsdaFamily Clothing

George Sustainability & Ethics

Asda publishes sustainability commitments as part of its corporate ESG framework. George products are subject to Asda's responsible sourcing policies, which cover supplier labor standards, environmental compliance, and product safety.

  • Better Packaging Commitments: Asda has committed to making all own-brand packaging recyclable, reusable, or compostable by 2025. George packaging falls under this commitment.
  • Supply Chain Standards: Asda requires suppliers to comply with its Ethical Trade Policy, based on International Labour Organization conventions. Third-party audits verify compliance.
  • Textile Recycling: Asda operates clothing recycling banks at selected stores, accepting unwanted clothing for reuse and recycling regardless of brand.
  • Food Waste Reduction: While primarily a grocery initiative, Asda's waste reduction targets extend to operational waste across all divisions including George.

Asda does not publish brand-level sustainability data for George. The company's private ownership under TDR Capital means it is not subject to public market ESG reporting requirements, though it files annual accounts with UK Companies House.

Awards & Recognition

George has not received major industry awards. The brand's recognition comes from its sustained market position rather than formal accolades.

  • UK Market Leader in Childrenswear: George has held the position of best-selling childrenswear brand in the UK by volume for multiple years running.
  • Second Best-Selling Fashion Label in the UK: George ranks behind only Marks and Spencer in UK clothing sales by volume, a position it has maintained for several years.
  • Turquality Recognition (Historical): During Walmart's ownership, George products were distributed through Walmart's international channels, though the brand did not receive specific industry awards.

George Recalls & Controversies

George has maintained a clean product safety record with no major recalls reported. The brand operates under Asda's product safety standards and UK retail regulations.

  • North American Market Failure: George was rolled out in Walmart stores in the United States and Canada during Walmart's ownership (1999 to 2022). The brand failed to gain traction with North American consumers. By 2018, weak sales forced Walmart to reduce George to a menswear-only line in Canada. The brand was eventually split into four separate labels in the US market. This market failure is a matter of public record and has been covered by retail industry publications.
  • Supply Chain Auditing: As with all fast fashion and value clothing brands, George faces ongoing scrutiny regarding labor conditions in its supply chain. Asda requires third-party audits of suppliers but does not publish factory-level transparency data for George.

George Ownership: Pros & Cons

Advantages

  • +Backed by Asda's extensive UK store network of over 1,100 locations
  • +Second best-selling fashion label in the UK by volume
  • +Market leader in UK childrenswear
  • +Standalone store expansion under TDR Capital ownership
  • +Like-for-like sales growth in 2025 (2.5% in Q2, 3.5% in Q1)
  • +Long-standing brand recognition in the UK market since 1989

Considerations

  • -Limited availability outside the United Kingdom
  • -Budget positioning may limit premium market appeal
  • -Private equity ownership under TDR Capital may prioritize cost efficiency
  • -Faces strong competition from Primark, Tu, F&F, and online fashion brands
  • -No brand-level sustainability reporting published
  • -Historical failure in North American markets under Walmart ownership

Frequently Asked Questions About George

Sources & Further Reading

  • Asda George Official Website -
  • Asda Corporate Website -
  • TDR Capital Portfolio -
  • Wikipedia: George (fashion label) -
  • Wikipedia: Asda -
  • Reuters: TDR Capital acquisition of Asda -
  • Companies House: Asda Stores Ltd -

Competitors to George

These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.

BrandParent CompanyCountryFoundedMarket PositionPrimary MarketGender Target
Time and TruTime and Tru
Walmart
USA
2016
Mass marketGlobalAll Genders
American ApparelAmerican Apparel
Gildan Activewear
USA
1989
Mass marketUnited statesUnisex
Fruit of the LoomFruit of the Loom
Berkshire Hathaway
USA
1851
Mass marketGlobalAll Genders

Learn More About Competitors

Time and TruFashion Apparel

Time and Tru

Owned by Walmart Inc.

Walmart's women's clothing brand offering stylish and affordable apparel with a focus on contemporary fashion, comfort, and inclusive sizing.

womens-clothingapparelfashion
American ApparelFashion Apparel

American Apparel

Owned by Gildan Activewear

Los Angeles clothing brand known for vertically integrated manufacturing and basics apparel, now owned by Gildan Activewear.

clothingbasicsapparel
Fruit of the LoomFashion Apparel

Fruit of the Loom

Owned by Berkshire Hathaway

American apparel company specializing in basic clothing and underwear, owned by Berkshire Hathaway.

apparelunderwearclothing

Competitive Analysis

Market Positioning: George competes with 3 brands in the same categories, ranging from mass market to luxury positioning.

Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.

Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.

Independent Alternatives to George

Looking for brands with different ownership structures? These similar brands are not owned by Asda, giving you alternative choices that support different corporate structures.

SHEINFashion Apparel

SHEIN

Owned by Shein

Global online fashion and lifestyle brand operated by Singapore-headquartered Shein, known for an on-demand retail model and broad international reach.

fast-fashionecommerceapparel
Privately Owned

SHEIN operates independently without a large parent corporation.

Fruit of the LoomFashion Apparel

Fruit of the Loom

Owned by Berkshire Hathaway

American apparel company specializing in basic clothing and underwear, owned by Berkshire Hathaway.

apparelunderwearclothing
Publicly Traded

Fruit of the Loom is owned by Berkshire Hathaway, a public company, a different structure than George's parent.

AdidasFashion Apparel

Adidas

Owned by adidas AG

German multinational sportswear brand designing and selling footwear, apparel, and equipment, headquartered in Herzogenaurach, Germany.

sportswearfootwearapparel
Publicly Traded

Adidas operates independently without a large parent corporation.

American ApparelFashion Apparel

American Apparel

Owned by Gildan Activewear

Los Angeles clothing brand known for vertically integrated manufacturing and basics apparel, now owned by Gildan Activewear.

clothingbasicsapparel
Publicly Traded

American Apparel is owned by Gildan Activewear, a public company, a different structure than George's parent.

H&MFashion Apparel

H&M

Owned by H&M Group

Swedish multinational fast-fashion brand offering affordable clothing for men, women, and children in over 75 markets.

fast-fashionaffordable-clothingswedish-brand
Publicly Traded

H&M operates independently without a large parent corporation.

SkechersFashion Apparel

Skechers

Owned by Skechers U.S.A., Inc.

American footwear brand known for comfort-focused shoes, the third-largest footwear company globally by revenue.

footwearcomfort-shoessneakers
Privately Owned

Skechers operates independently without a large parent corporation.

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Last reviewed: August 1, 2026 · Reviewed by Who Brands Editorial Team