In the biggest British retail deal of 2020, billionaire entrepreneurs Mohsin and Zuber Issa and private equity firm TDR Capital were the surprise winners of a majority stake in UK supermarket Asda, valuing it at 6.8 billion pounds ($9.3 billion). That augurs well for more supermarket mergers and acquisitions this year. Several other private equity groups considered taking control of ...

Bloomberg Airlines kicked off 2021 by shrinking their already meager UK schedules, prompted by a new coronavirus lockdown and the prospect of further restrictions on travel abroad. EasyJet Plc, Britain’s biggest discount carrier, pared back its flying program to prioritise essential connections between key UK cities and “a small number of international routes.” British Airways said it’ll keep crucial links ...

Bloomberg Nykaa E-Retail Pvt is planning an initial public offering as soon as this year that could value the Indian online cosmetic retailer at a minimum $3 billion, according to people familiar with the matter. The startup founded by Falguni Nayar, a former investment banker, is working with advisers to prepare for the share sale in Mumbai, the people said. ...