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Rags to Riches - EG Group surprise purchase of ASDA from Wal-Mart

Male
The_38th_Parallel  Male  Essex
2-Oct-2020 12:01 Message #4793818
I've just been reading the headlines that the Issa Brothers (Mohsin & Zuber) have just agreed to acquire Asda from WalMart for £6.8bn.

The duo, whose parents came to Britain from India in the 70's 'with nothing', built up what is now EG Group, from one petrol station site in Bury bought for £150,000 in 2001, into a now commercial giant valued at £9 billion employing 44,000 staff across the UK, Europe and the US.

A real rags to riches success story.
Female
JustLyn  Female  Cheshire
2-Oct-2020 12:45 Message #4793820
I hope they treat their staff better than Asda have tried to do of late with the "sign the new contract of leave" philosophy.
Male
BOYDEL  Male  Surrey
2-Oct-2020 13:48 Message #4793827
In practice with Covid related job shortages it is an employers' market where any job paying min wage needs to be seriously considered by all households unless they have enough savings to last the rest of their lives.

In Nov 2016 OBC outside London was cut by £6000 pa for a workless family and now stands at £384 weekly so unless that covers Rent/Mortgage/Bills someone in the household needs to get a job so the benefit cap is lifted.
Female
LadyVera  Female  Cumbria
2-Oct-2020 14:00 Message #4793829
I like to read about genuine rags to riches stories. It shows what hard work can do.
Male
Hierophant  Male  East Anglia
2-Oct-2020 14:41 Message #4793832
Well done to them, considering they did it in what is apparently an institutionally racist country.
Meghan Markle and her lapdog Harry reckon that's so, yep the country where it was possible for a black woman to marry into the monarchy and become a princess....
Male
persona_non_grata  Male  North London
2-Oct-2020 14:49 Message #4793834
I remember vividly the first Asians arriving in this country and I'm still friends with a number of them. They have always seemed to me to be hard working, industrious and keen to start businesses which 'back in the day' often tended to be a corner shop.
Female
wonderoushen  Female  Gwynedd
2-Oct-2020 18:52 Message #4793864
I hope they improve asda its my least favourite of all the big supermarkets and has been for years I only really ever go there by default.
Female
JustLyn  Female  Cheshire
3-Oct-2020 10:18 Message #4793908
WH,

I agree, I hope they improve Asda. Asda used to be the nearest supermarket to where I worked and I noticed the fresh food consistently went off much more quickly than other supermarkets.
Male
HonestBob  Male  the Central region
3-Oct-2020 11:00 Message #4793912
"Well done to them, considering they did it in what is apparently an institutionally racist country.
Meghan Markle and her lapdog Harry reckon that's so, yep the country where it was possible for a black woman to marry into the monarchy and become a princess...."


Yes, those two must have slipped through the net!
Male
HotOrWot  Male  Lancashire
3-Oct-2020 16:25 Message #4793949
A real rags to riches success story.

These are the stories I like to read about.
Female
Madness102  Female  South Yorkshire
6-Oct-2020 23:47 Message #4794318
I agree entirely WH
My least fave store too.
Male
terry  Male  West Yorkshire
13-Oct-2020 13:07 Message #4795028
The scary thing I find about this, is I actually remember Farm Stores starting up! it's amazing the changes that have happened in our lifetime. Wonder what happened to those people who started the business?
Male
Michaelt  Male  Devon
13-Oct-2020 13:36 Message #4795031
LadyVera , Talk about naive.
Male
MrQuiet  Male  Northamptonshire
13-Oct-2020 15:28 Message #4795033
Michaelt. Those naive people who think you should work hard frustrate me too. Much better to sit on your backside and wait for something to come along as it's much less effort.


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