Former M&S boss Stuart Rose to run struggling Asda as co-owner steps back

Lord Rose is chair of supermarket and will take over day-to-day duties from Mohsin Issa

Stuart Rose, the former boss of Marks & Spencer and Topshop, is to take charge of running Asda as the struggling supermarket’s co-owner Mohsin Issa steps back from executive duties amid falling sales.

The company said Lord Rose, who is the chair of Asda, will head up the business alongside Rob Hattrell, another director on the supermarket’s board and a partner at its majority shareholder, TDR Capital, the private equity group.