The FT examines last week’s news that the sale of Asda’s petrol stations to the EG Group has been called off, leaving the supermarket chain having to plug a £750m hole in a tough economy.
Read the full article on the Financial Times website (Paywall)
NAM Implications:
- This means Asda paying £250m from its own balance sheet, and taking on £500m of extra debt.
- Add the pipeline costs of commodity prices, wage inflation and energy costs…
- …to appreciate the pressure on Asda to increase prices…
- …in an increasingly competitive market.
- Best ensure that you access and maintain your fair share of sales and profits going forward…
