Supermarket giant Walmart has entered into an agreement to sell UK grocery chain Asda to Issa Brothers and TDR Capital for £6.8 billion ($9.1 billion). The acquisition will return the chain to UK ownership following its acquisition by Walmart for £6.7 billion ($8.9 billion) in 1999. According to sources, the new owners joined together to acquire an equal ownership stake in Asda, and they intend to invest more than £1 billion ($1.3 billion) …
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UK retailer Asda has announced the launch of a 100% recyclable crisp tube, moving its entire Snax brand range into cardboard packaging. With this new packaging, the company will be able to cut 98.2 tonnes of non-recyclable materials, the equivalent of 2.34 million crisp tubes. The retailer has the commitment to reduce own-brand plastic packaging by 15% by 2021 and reach 30% recycled content in its plastic packaging by the …
‘Big Four’ UK supermarket chain Asda has announced plans to address the challenge of reducing plastic waste by opening a “test and learn sustainability store” in Leeds that will allow consumers to bring in their own containers and refill with a variety of dried goods. Launching in May, the store will use dedicated refill stations to allow consumers to make packaging-free purchases of Asda own-brand coffee, rice and pasta, as well …
Sainsbury and Asda, the two UK retail giants, have announced they have decided to call off their proposed merger after the move was blocked by the UK’s competition watchdog. The BBC reports that the Competition and Markets Authority was concerned the deal would lead to price rises and longer checkout queues. Asda and Sainsbury announced their intention to merge almost exactly a year ago, in a move that would have …
Supermarket chains Sainsbury’s and Asda, the 2nd and 3rd leading players in UK grocery retail respectively, have announced that they have reached an agreement to merge the two business in a deal that is set to shake up the UK supermarket sector. “The Combined Business will create a dynamic new player in UK retail with an outstanding breadth of products, delivered through multiple channels”, the two firms said in a statement. The …
UK retailer Asda has introduced a premium sparkling wine called Progrigio, marketed as a more affordable alternative to prosecco. Progrigio is described as “Crisp, fresh and delicately floral, with fruity aromas balanced by its dry profile that offers a hint of sweetness at the finish”.” Made from a blend of Italian grapes called Glera – which are also used to make prosecco – and Italian Pinot Grigio wine, the new wine …
According to Packaging Europe, Coveris together with artisan meat specialist Finnebrogue, has developed a new removable label format for Asda’s premium sausage range. The linerless label solution – branded “Slidewrap” and developed in partnership with Ravenwood Packaging – is described as a pioneering slidable labelling system which looks and functions like a cardboard sleeve, but with the environmental and process advantages of linerless labels. “Coveris presented their Slidewrap™ idea at …
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