Asda Chief Executive Burnley Heads for Exit After £6.8bn Takeover

March 26, 2021 Sky News

The supermarket chain’s new owners are to seek a successor but they say Mr Burnley will stay on during the process.

Britain’s Asda Ends Walmart Era on the Up

February 18, 2021 James Davey, Reuters

British supermarket group Asda ended its 22 years under Walmart ownership with accelerating underlying sales in the Christmas quarter, driven by strong demand for premium ranges.

ASDA Bought by Billionaire Issa Brothers in £6.8B Deal

October 7, 2020 Dearbail Jordan, BBC

Two billionaire brothers from Blackburn have won the battle to buy Asda from Walmart of the US, in a deal valuing the supermarket chain at £6.8bn.

The Great Walmart Worldwide Redo Continues

July 28, 2020 Warren Shoulberg, Forbes

Walmart became the largest retailer in the U.S. through superior logistics, cost-cutting, site selection, capital investment in its footprint and a relentless push to focus on low prices.

Asda Owner Walmart Putting Major Stake in Supermarket Up For Sale

March 4, 2020 Emma Munbodh, The Mirror

Asda’s US owner has confirmed it is in early stage discussions about the potential sale of a controlling stake in the UK supermarket.