MPs have raised concerns that Asda’s ownership structure could be limiting the supermarket’s ability to support shoppers through the cost of living crisis.
In a letter to Mohsin Issa, one of the billionaire brothers who bought the supermarket with a private equity partner, TDR Capital, in 2020, Darren Jones, the chair of parliament’s business and trade select committee, has asked for details of the retailer’s corporate structure, capital investment and profit margins on petrol.
