LONDON – Big four U.K. grocer Asda has partnered with RangeMe to ensure buying teams have access to thousands of the most relevant products their customers demand. Through RangeMe’s global sourcing platform, Asda is aiming to increase the number of new and innovative products available in stores as it seeks emerging suppliers. Asda is the first of
LONDON — Walmart has reached a deal to sell Asda, the British retailer it acquired in 1999, for an enterprise value of £6.8 billion (about $8.8 billion). The purchasers are the Issa brothers, founders and co-chief executive officers of the EG Group, a global convenience store retailer based in Blackburn, U.K., and investment funds managed
LONDON — Walmart said Friday that it has reached a deal to sell Asda, the British retailer it acquired in 1999, for an enterprise value of £6.8 billion (about $8.8 billion). The purchasers are the Issa brothers, founders and co-CEOs of the EG Group, a global convenience store retailer based in Blackburn, U.K., and investment
LONDON — British grocer Sainsbury’s planned £7.3 billion ($9.4 billion) acquisition of Walmart’s Asda division has been blocked by U.K. regulators. Britain’s Competition and Markets Authority ruled that the deal, announced in April 2018, would hurt competition and result in higher prices for consumers, not only in stores but also online and at gas stations.
BENTONVILLE, Ark. — Walmart plans to merge its Asda unit in the United Kingdom with J. Sainsbury PLC, in a move that would unseat Tesco PLC as the country’s top retailer. Asda currently ranks No. 3 in market share, and Sainsbury is No. 2. Under the terms of the deal, Walmart would have a 42%
BENTONVILLE, Ark. — Walmart has tapped Andy Murray, who has served as its senior vice president of creative since August 2013, to serve as chief customer officer at the company’s Asda division in the United Kingdom, according to a Reuters news report. Murray replaces Barry Williams in the role, effective February 15. He will report