This morning, UK supermarket chain Sainsbury’s announced a deal with Walmart to buy a majority stake in Asda, Walmart’s wholly-owned UK subsidiary. The deal values Asda at £7.3 billion ($10 ...

Walmart has sold its UK grocery chain Asda in an $8.8 billion deal, Asda announced on Friday. The buyer consortium included private equity firm TDR Capital and Euro Garages owners the Issa brothers.

The deal values the UK supermarket chain at £6.8 billion ($8.8 billion), not much more than Walmart paid for it two decades ago. Walmart (WMT) will retain a minority stake in Asda and a seat on ...

Four years after the US retail giant sold Asda, the UK retailer still depends on some of Walmart's technology at the back end ...

Asda’s parent company slumped to a near £600m pre-tax loss last year as the supermarket group faced falling sales ...

Supermarket chain Asda made a near-£600m loss last year during a period of struggle, the company’s new accounts have revealed ...

UK supermarket giant Asda has dominated headlines for the last year for a host of different reasons: ... Walmart, has also cost the grocer £800m. Lower prices and a better experience.

British regulators blocked Sainsbury’s $9.4 billion purchase of Walmart's Asda unit on Thursday amid concerns the deal would have increased prices and reduced the quality and range of products ...

Asda fell to a loss of almost £600m last year as its soaring debt burden and a costly IT overhaul weighed on the beleaguered ...

The slide from a £180m pre-tax profit to a £599m loss in 2024 came as food sales lagged expectations, falling 3.7% on a ...

An Asda spokesman said: “Since September 2023, we have been trialling a variety of flexible working patterns for managers in 20 stores, including a four-day working week for the same pay and ...