Feb 27, 2020 | News, Retailing
Walmart says it is considering selling its majority stake in Asda following ‘inbound interest’ from a ‘number of interested parties’. The news comes after UK regulators rebuffed Walmart’s proposals to merge Asda with Sainsbury’s last April, a move which would have...
Aug 16, 2019 | Brexit, News, Retailing
Walmart has published its earnings for the second quarter of 2019 including financial results for Asda for the period1st April to 30th June 2019. Reporting a straight calendar quarter, which includes a benefit of the later Easter in 2019, the UK supermarket delivered...
Jul 26, 2019 | News, Red Meat Processing
A three-year shareholder engagement with 25 giant food retailers and manufacturers has found that some leaders are beginning to capitalise on the rising demand for alternative proteins, while others are falling behind the curve of a booming growth industry. This...
May 16, 2019 | News, Retailing
Following the blocked merger with Sainsbury’s, Walmart is considering listing Asda on the stock market at some point in the future. Asda is owned by Walmart and its chief executive, Judith McKenna, is said to have told personnel that such listing is being...
Apr 30, 2018 | News, Retailing
Discussions between supermarkets Sainsbury’s and Asda on merging the two businesses were announced over the weekend and today the news has been confirmed – along with the proposal of lower priced products. Sainsbury’s chief executive, Mike Coupe, told the BBC...
