Asda Sells Stores, Boosts Finances

Asda, the UKs supermarket giant, is bolstering its financial health by selling 24 stores and its Lutterworth distribution center. The properties will be leased back, ensuring no changes for employees or customers. The buyers include Blue Owl Capital, a joint venture between Blue Owl and Supermarket Income REIT, and DTZ. This move is part of Asdas broader strategy to strengthen its financial position and support its turnaround plans. DNN | The Daily News Now! The world’s first global local news network. Every city. Every story. AI powered. Hosted on Acast. See acast.com/privacy for more information.