Walmart is retreating from Europe, merging its UK supermarket business Asda with bigger rival Sainsbury's. In return, Walmart will receive £2.97 billion ($4.1 billion) in cash and a 42% stake in the ...

Walmart (WMT) on Wednesday confirmed it is in talks to sell a controlling stake in Asda. The world’s largest retailer said it had received “inbound interest” from several parties about acquiring a ...

Walmart will sell a majority stake in the UK-based grocery retailer Asda to the Issa brothers, the co-CEOs of EG Group, and TDR Capital for an enterprise value of $8.8 billion. The Issa brothers and ...

Asda’s VP of Digital and Technology, Rob Barnes, explains how the divorce from its US owner Walmart has presented both opportunities and challenges. Asda is one of the largest supermarket chains in ...

LONDON (Reuters) -Asda, Britain’s third-largest supermarket group, said on Thursday that sales in its current quarter would be dented by disruption linked to the final phase of a major IT overhaul ...

LONDON (Reuters) - Sainsbury's is to buy Walmart's Asda for around 7.3 billion pounds ($10 billion) in a bold attempt to overtake long-time leader Tesco as Britain's biggest supermarket group by ...

LONDON (Reuters) - Sainsbury's and Walmart's Asda are in talks to create Britain's biggest supermarket group, a combination which would surpass Tesco's grocery market share and be worth up to 15 ...

A newspaper report that Wal-Mart’s UK subsidiary ASDA is plotting a £2.8bn (US$4.4bn) takeover of struggling sector rival Safeway prompted the latter’s shares to open 5% higher this morning [Friday].

LONDON (AP) — A U.K. court has ruled against Walmart-owned Asda in a decision that could have ramifications for equal pay in the private sector. The Court of Appeal said Thursday that lower-paid shop ...

Five years after joining the Wal-Mart family, Asda is fast becoming the jewel in the US giant’s crown. David Robertson finds out why, and investigates how Asda will build on its current success.

UK retailer Asda temporarily opted not to go ahead with its previously planned IT systems shift. First reported by The Register, the company had intended to introduce new systems at its smaller stores ...