All Brands Owned by 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.