Cable Forum - Asda planning sale-and-leaseback to raise cash

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Asda planning sale-and-leaseback to raise cash

Admin edit (Chris): split from a very old thread about an attempted merger in 2018

So this merger was blocked and Asda are in trouble looking to sell off sites to only lease back. Is it better Asda goes bust? Was that mentioned in the block

https://www.gov.uk/government/news/c...burys-and-asda

https://news.sky.com/story/asda-to-s...-pile-13473168

Asdas conveniently in town here. Morrisons opened a brand new store in town in a brand new building which has now closed down including the empty building. What a waste. A smaller Sainsbury's closed in town. M&S shutdown in town. But we do have a new Tesco express in town though lol

Re: Sainsbury's and Asda in talks about £10bn grocery merger

Quote:

Originally Posted by thenry (Post 36206829)

So this merger was blocked and Asda are in trouble looking to sell off sites to only lease back. Is it better Asda goes bust? Was that mentioned in the block

https://www.gov.uk/government/news/c...burys-and-asda

https://news.sky.com/story/asda-to-s...-pile-13473168

Asdas conveniently in town here. Morrisons opened a brand new store in a brand new building which has now closed down including the empty building. What a waste.

I thought the ones that bought ASDA thought they'd make a huge profit out of it. Obviously not worked out for them. I thought Morrisons were struggling more so. Their own range (Morrisons) used be okay but now the quality has really dropped and most of it is now crap. Between them both, both of their own ranges seemed to have cut way too many corners and the quality isn't just there anymore.