Who Owns Asda?
As of August 2026, Asda is majority owned by TDR Capital, which holds 67.5% of the supermarket group. Mohsin Issa owns 22.5% and Walmart Inc owns the remaining 10%. Asda itself confirmed this ownership split in 2026.
That means Walmart is still an Asda shareholder, but it no longer controls the business. TDR Capital became the majority owner after acquiring Zuber Issa’s stake in 2024.
Direct Answer: Who Owns Asda?
The current ownership of Asda is:
- TDR Capital – 67.5%
- Mohsin Issa – 22.5%
- Walmart Inc – 10%
More precisely, the majority investment is held by funds managed by TDR Capital LLP, the UK-based private equity firm. Asda confirmed that TDR Capital increased its stake to 67.5% when it completed the purchase of Zuber Issa’s shares in November 2024.
Mohsin Issa remains a co-owner with a 22.5% interest. Walmart, which previously owned Asda outright, retains a 10% minority investment. Asda’s corporate website was still describing the group as being owned in these proportions in 2026.
For comparisons with other grocery chains, see our UK supermarket owners guide.
Ownership Structure Explained
Answering who owns Asda requires separating the shareholder ownership of the overall group from the individual companies that sit within its corporate structure.
TDR Capital is Asda’s majority owner
TDR Capital is the largest shareholder in Asda, with a 67.5% interest.
TDR first invested in Asda alongside brothers Mohsin and Zuber Issa when the consortium acquired the supermarket from Walmart in 2021. The transaction ended Walmart’s period as Asda’s controlling parent, although Walmart retained an equity interest in the business.
The ownership balance changed again in 2024. TDR agreed to acquire Zuber Issa’s interest and completed the transaction in November of that year, increasing its ownership to 67.5%.
TDR Capital therefore has the largest economic interest in Asda today.
It is worth being precise about the terminology. References to “TDR Capital owning Asda” generally refer to funds managed by TDR Capital LLP rather than suggesting that the management partnership personally holds every relevant Asda company or asset directly.
Mohsin Issa owns 22.5%
Mohsin Issa owns 22.5% of Asda and remains a co-owner of the supermarket group.
Mohsin and his brother Zuber were part of the consortium that acquired Asda from Walmart in 2021. Zuber subsequently sold his interest to TDR Capital, but Mohsin retained his shareholding. Asda’s current corporate material continues to identify Mohsin as a co-owner.
Mohsin stepped back from his executive leadership responsibilities at Asda in 2024, but that did not mean he sold his ownership interest. Ownership and management are separate issues: a shareholder can retain an investment without running the company’s day-to-day operations.
Walmart still owns 10% of Asda
Walmart owns 10% of Asda.
This is sometimes misunderstood because Walmart previously owned the British supermarket outright.
Walmart acquired Asda in 1999 and remained its parent company until the 2021 transaction involving the Issa brothers and TDR Capital. When that acquisition completed, Walmart retained an equity investment rather than exiting Asda completely.
Its current 10% holding makes Walmart a minority shareholder, not Asda’s parent company or controlling owner.
Does Zuber Issa still own Asda?
No. Zuber Issa no longer owns a stake in Asda.
TDR Capital completed the purchase of Zuber Issa’s shares in 2024. The transaction increased TDR’s ownership to 67.5%, and Zuber also stepped down from his non-executive position on Asda’s board.
Descriptions saying that “the Issa brothers own Asda” are therefore outdated when referring to the current ownership structure. Mohsin Issa remains a shareholder, but Zuber Issa does not.
What company sits behind Asda?
The consumer-facing Asda business operates through several companies rather than a single company carrying the entire ownership structure.
Asda Stores Limited, company number 00464777, is an active UK company involved in retail operations. Companies House records Asda Group Limited, company number 01396513, as its person with significant control, with more than 75% of the shares and voting rights and the right to appoint or remove directors.
At the next level, Companies House records Bellis Acquisition Company plc as the person with significant control over Asda Group Limited, again with more than 75% of the shares and voting rights and the right to appoint or remove directors.
Bellis Acquisition Company plc is itself an active UK holding company. Its Companies House PSC record identifies Bellis Finco plc as its controlling entity.
These company layers do not contradict the 67.5%, 22.5% and 10% shareholder split announced by Asda. They illustrate the difference between the legal companies used within a corporate ownership structure and the investors who ultimately hold economic interests in the wider Asda group.
If you are researching another business with similar layers, our brand parent company lookup guide explains how to trace a brand through its corporate structure.
How to Verify the Information
Asda ownership can change, so the strongest approach is to compare current company records with official announcements from the business.
Start with Companies House.
Search for:
- Asda Stores Limited — company number 00464777;
- Asda Group Limited — company number 01396513; and
- Bellis Acquisition Company plc — company number 12855280.
Companies House can show company status, filing history and registered persons with significant control. At the time of checking, Asda Stores Limited and Asda Group Limited were both active companies.
Next, check Asda’s corporate website and ownership announcements. Asda publicly confirmed the TDR Capital, Mohsin Issa and Walmart ownership split when TDR completed its acquisition of Zuber Issa’s shares. More recent Asda material published in 2026 continued to state that the group is owned 67.5% by TDR Capital, 22.5% by Mohsin Issa and 10% by Walmart.
Trade marks should be checked separately through the UK Intellectual Property Office. The company that owns a particular ASDA word mark or logo does not necessarily tell you who ultimately owns the supermarket group. Different intellectual-property rights can be registered to operating or other group companies.
This distinction matters when researching any brand. Our brand ownership database provides the wider route for identifying the company behind a consumer-facing name.
Common Misunderstandings
“Walmart still owns Asda”
This is partly true but can be misleading.
Walmart still owns 10% of Asda, so it remains a shareholder. It does not, however, own a majority of the company or control Asda in the way it did before the 2021 sale.
TDR Capital is now the majority owner.
“The Issa brothers own Asda”
That description is out of date.
Both Mohsin and Zuber Issa were involved in the 2021 acquisition, but Zuber sold his stake to TDR Capital in 2024. Mohsin Issa remains a 22.5% shareholder.
“Mohsin Issa runs Asda because he owns part of it”
Ownership does not automatically mean day-to-day management.
Mohsin Issa remains a shareholder and board member, but he stepped back from executive responsibilities in 2024. Asda’s current leadership structure lists Allan Leighton as Executive Chairman alongside a wider executive team and board.
“Asda Group Limited must be the ultimate owner”
Not necessarily.
Asda Group Limited is an important company within the group, but Companies House records another corporate entity, Bellis Acquisition Company plc, as exercising more than 75% control over it. The investor ownership disclosed by Asda sits behind this corporate structure.
This is why the legal owner of a company, its immediate parent, its controlling entity and its ultimate investors should not automatically be treated as the same thing.
“The company that owns an Asda trademark must own the whole business”
Not necessarily.
Trade mark ownership relates to intellectual-property rights. A trade mark may be registered in the name of an operating company or another member of a corporate group. That company can sit beneath a separate parent and ultimately be controlled by different investors.
For an ownership question, company records, transaction announcements and trade mark registrations should therefore be considered together rather than treating one record as a complete answer.
Related Ownership Guides
Asda is one of several major UK supermarket businesses with a corporate ownership structure that is different from its consumer-facing brand.
For broader comparisons, use the UK supermarket owners guide.
You can also compare Asda with:
If you have a different company or product in mind, the who owns this brand guide explains how to trace a brand to the company behind it.
FAQs
Who is the main owner of Asda?
TDR Capital is the majority owner of Asda with a 67.5% interest. Mohsin Issa owns 22.5%, while Walmart Inc owns 10%. Asda continued to report that ownership split in its 2026 corporate material.
Is Asda still owned by Walmart?
Walmart still has an interest in Asda, but it no longer controls the supermarket. Walmart owns 10% of Asda, making it a minority shareholder.
How much of Asda does TDR Capital own?
TDR Capital owns 67.5% of Asda, making it the majority owner. TDR increased its stake after completing the acquisition of Zuber Issa’s shares in 2024.
How much of Asda does Mohsin Issa own?
Mohsin Issa owns 22.5% of Asda. He remains a co-owner even though he stepped back from executive management responsibilities in 2024.
Does Zuber Issa own Asda?
No. Zuber Issa sold his Asda interest to TDR Capital. The transaction completed in 2024, after which TDR Capital’s stake rose to 67.5%.
What is Asda’s parent company?
There are several corporate layers behind Asda. Companies House records Asda Group Limited as the controlling entity of Asda Stores Limited, while Bellis Acquisition Company plc is recorded as the controlling entity of Asda Group Limited. The wider Asda group is economically owned by TDR Capital, Mohsin Issa and Walmart in the 67.5%, 22.5% and 10% proportions described above.
Who owns the Asda brand?
At group level, Asda is owned by TDR Capital, Mohsin Issa and Walmart. Individual Asda trade marks and intellectual-property rights should be checked separately because the registered proprietor of a particular mark may be an Asda group company rather than the investors themselves.
How can I verify who owns Asda?
Check the latest Companies House records for Asda Stores Limited, Asda Group Limited and the companies above them in the ownership chain. Then compare those records with current announcements on Asda’s corporate website. For a particular ASDA trade mark, check the UK Intellectual Property Office register separately.
Can Asda’s ownership change?
Yes. Company shares can be bought or sold and corporate structures can be reorganised. Asda’s own history demonstrates this: Walmart moved from full ownership to a minority position in 2021, and TDR Capital became the majority owner after acquiring Zuber Issa’s stake in 2024. Ownership information should therefore be checked against the latest official records before relying on it.