By James Davey and Muvija M LONDON (Reuters) –     Struggling British supermarket Asda said on Saturday veteran retailer Allan Leighton would return as executive chairman, more than two decades after he served as CEO when he turned around the business before selling it to Walmart. Britain’s third largest grocer, now majority owned by private equity firm TDR Capital, has been losing market share to rivals, including industry leader Tesco and No. …

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Britain’s Asda brings back industry veteran Leighton to lead business

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Asda brought back retail industry veteran Allan Leighton as its executive chair on Saturday, replacing Stuart Rose at Britain’s third largest supermarket. Rose will remain on the board to ensure an orderly transition before stepping down, the company, majority owned by private equity firm TDR Capital, said in a statement. In addition to holding the CEO position at Asda from 1996 to 2001, Leighton has also led a number of UK and international con…

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Asda brings back industry veteran Leighton as chair

By James Davey, Muvija M LONDON (Reuters) -Struggling British supermarket Asda said on Saturday veteran retailer Allan Leighton would return as executive chairman, more than two decades after he served as CEO when he turned around the business before selling it to Walmart. Britain’s third largest grocer, now majority owned by private equity firm TDR Capital, has been losing market share to rivals, including industry leader Tesco and No. 2 Sainsb…

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Britain's Asda brings back industry veteran Leighton to lead business - Blue Water Healthy Living

Struggling British supermarket Asda said on Saturday veteran retailer Allan Leighton would return as executive chairman, more than two decades after he served as CEO when he turned around the business before selling it to Walmart .

BizToc

Britain's Asda brings back industry veteran Leighton to lead business

By James Davey, Muvija M LONDON (Reuters) -Struggling British supermarket Asda said on Saturday veteran retailer Allan Leighton would return as executive chairman, more than two decades after he served as CEO when he turned around the business before selling it to Walmart (NYSE:WMT). Britain’s third largest grocer, now majority owned by private equity firm TDR Capital, has been losing market share to rivals, including industry leader Tesco (OTC:…

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Investing Business Daily | Britain’s Asda brings back industry veteran Leighton to lead business

Asda brought back its former chief executive Allan Leighton as its executive chair this weekend, replacing Stuart Rose as its sales continue to dive. Rose will remain on the board “to ensure an orderly transition before stepping down”, the retailer said in a statement. He served as chair since 2021, and took day-to-day responsibility for leading the grocer alongside Rob Hattrell, an executive at TDR, the private equity firm that owns a majority …

Retail Gazette

Former Asda CEO Allan Leighton returns as chair to lead recovery effort - Retail Gazette

Asda has announced the appointment of former CEO Allan Leighton as new executive chair, succeeding Stuart Rose who has served as chair since 2021.   Leighton has led a number of UK and international consumer businesses, including serving as a chief executive of Asda from 1996 to 2001, president of Loblaw Companies, North America’s second largest food retail business, and nine years as chairman of The Co-op. Rose will remain on the board to ensur…

Retail Sector

Asda appoints ex-CEO as new chair

MDWerks strengthens leadership with the addition of Tim Brocopp, bringing 30 years of beverage distribution expertise to support Two Trees Beverage and RF Specialties expansion.

stocktitan.net

MDWerks Appoints Beverage Industry Veteran Tim Brocopp to Board of Directors

Allan Leighton’s return to Asda is a significant development for the UK retail landscape, especially considering the supermarket’s recent struggles. His track record in the industry is impressive, having previously helmed Asda during a transformative period in the late ’90s and early 2000s. This experience brings a wealth of knowledge and a fresh perspective to a company facing mounting challenges. Source

thefinancialanalyst.net

Allan Leighton Returns to Asda: Aiming for Long-term Stability and Growth

Asda has hired its former Chief Executive Allan Leighton as its new Chairman to support efforts to revive the business after a difficult few years. Leighton, 71, will replace another retail veteran, Lord Stuart Rose, who has held the role (more…) The post Allan Leighton Returns To Asda To Lead Revival Plan appeared first on KamCity.

Britain’s Asda brings back industry veteran Leighton to lead business

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