Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Guardian - UK
The Guardian - UK
Business
Sarah Butler

Asda pays the price for big debt and turmoil in the boardroom

A worker pushes a line of trolleys into position at the entrance to a large Asda store
Shoppers have complained of poor stock quality and empty shelves at stores. Photograph: Toby Melville/Reuters

An empty chiller cabinet, shelves stripped bare of Ready Brek and a disaster in the yorkshire pudding freezer, where a packet has exploded: all is not well at the Pudsey branch of Asda.

The UK’s third-biggest grocery chain is in a tailspin, losing market share to its rivals at a rapid rate. Last week, the crisis prompted Stuart Rose, the former boss of Marks & Spencer and Topshop, to step up from chair of the supermarket to take charge of day-to-day running, after co-owner Mohsin Issa retreated from executive duties.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.