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TDR Capital
- In February 2022, Asda and George were bought by TDR Capital for £6.8 billion pounds.
en.wikipedia.org/wiki/George_(fashion_label)
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In February 2022, Asda and George were bought by TDR Capital for £6.8 billion pounds. Plans to spin George off into an independent brand have been leaked, but those plans have been denied by the acquiring firm.
The George brand and range was developed by Davies's company Red Creative, set up to provide full clothing retail solutions [clarification needed] through a team of designers and marketeers. In 2000, Asda was bought by the world's largest retailer, Wal-Mart of the United States.
Mar 10, 2023 · He sold the George brand to Asda in 1995 and returned to run the brand until 1999 – leaving shortly after Walmart acquired the supermarket chain - and then went about elevating Marks & Spencer’s fashion offer with the Per Una brand in 2001.
Not surprisingly, in 2001, George was approached by Marks and Spencer about developing a ladies fashion collection for the 25 plus market. The collection was called Per Una and the brand was owned by George and was the first independent womenswear brand Marks & Spencer had ever sold in the business.
Feb 22, 2021 · Asda’s new owners Issa brothers and TDR are reportedly considering spinning off the grocer's fashion label George, as they plan to cut costs and spending.
Jul 21, 2021 · Asda has approached the boss of Fat Face, the high street fashion brand, about taking the helm at George, its clothing arm, as the supermarket chain’s new owners orchestrate a leadership overhaul.
Mar 9, 2021 · Rumours have been swirling that Asda's new owners may sell off the George clothing division – and Next may be in the running. British billionaire brothers Zuber and Mohsin Issa bought Asda with investment firm TDR Capital in February. They paid £780m for the supermarket valued at £6.8bn in a leveraged buyout.
