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Debt-driven: Asda has been reeling since it was bought in a £6.8bn deal in 2021
Less than half of Asda staff have confidence in the supermarket’s strategy, a survey has revealed.
Asda has been reeling since the Issa brothers joined forces with private equity giant TDR Capital to buy it in a £6.8bn debt-fuelled deal in 2021.
The supermarket has had to cope with a loss of market share, while Tesco and Sainsbury’s have fared much better. Only 47 per cent of the 75,591 employees who completed its annual survey said they had faith in its long-term strategic plan.
But half said they were confident Asda would take action in response to the questionnaire.
A spokesperson said the aim of the survey was for staff to “share their honest thoughts about Asda”.
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