United Kingdom

Kroger finds buyer for convenience store unit

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

Walmart tabs new Asda chief

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