ASDA Bought by Billionaire Issa Brothers in £6.8B Deal
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. …
ASDA
The Great Walmart Worldwide Redo Continues
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
Asda’s US owner has confirmed it is in early stage discussions about the potential sale of a controlling stake in the UK supermarket. …
Asda Becomes First Retailer to Publish Farmed Seafood Sources as Part of the Ocean Disclosure Project
In a move to increase transparency in seafood supply chains, UK supermarket Asda has become the first retailer to publish sourcing details for its farmed seafood, as part of an update to the company’s annual Ocean Disclosure Project profile. The update marks the first time that an ODP participant has publicly disclosed information on both wild and farmed species. …
UK Regulator Blocks Sainsbury’s $ 9.4B Takeover of Walmart’s ASDA
Britain’s competition regulator on Thursday blocked Sainsbury’s proposed 7.3 billion pound ($ 9.4 billion) takeover of Walmart-owned Asda – a huge blow to the supermarket groups who wanted to combine to overtake market leader Tesco. …