Stuart Rose, the former boss of Marks & Spencer and Topshop, is to take charge of running Asda as the struggling supermarket’s co-owner Mohsin Issa steps back from executive duties amid falling sales.
The company said Lord Rose, the chair of Asda, will lead the business alongside Rob Hattrell, another director on the supermarket’s board and a partner at its majority shareholder, TDR Capital, the private equity group.
