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%
CINCINNATI — Kroger Co. has agreed to sell its convenience store business to EG Group, a privately held c-store retailer based in Blackburn, Lancashire, United Kingdom. The transaction, which is valued at $1.25 billion, is expected to close during the first quarter of Kroger’s financial year, or by May 26. Kroger had announced last October
BENTONVILLE, Ark. — Sean Clarke, who has led Walmart’s China business, will replace Andy Clarke as chief executive officer of Asda Group PLC in the United Kingdom. “Andy Clarke has decided the timing is right to step aside from his role with the company,” Walmart announced in a statement. “Sean’s leadership will allow Asda to