News · 20 November 2025
Asda sells property for £568M amid debt
Asda has completed a major £568 million sale-and-leaseback transaction covering 24 stores and its Lutterworth distribution depot to alleviate financial pressures from £3.8 billion in net debt. The supermarket chain, which has faced declining sales in 2025, including a 5.9% revenue drop in the first quarter, will continue operating all locations under 25-year lease agreements. Critics describe the move as asset-stripping driven by debt servicing needs under private equity ownership.
Reported by GBNews · How we write briefs