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Asda

Asda teams with RangeMe to find innovative suppliers

Asda teams with RangeMe to find innovative suppliers

LONDON – Big four U.K. grocer Asda has partnered with RangeMe to ensure buying teams have access to thousands of the most relevant products their customers demand. Through RangeMe’s global sourcing platform, Asda is aiming to increase the number of new and innovative products available in stores as it seeks emerging suppliers. Asda is the first of

Walmart to sell majority stake in Asda for $8.8 bil.

LONDON — Walmart has reached a deal to sell Asda, the British retailer it acquired in 1999, for an enterprise value of £6.8 billion (about $8.8 billion). The purchasers are the Issa brothers, founders and co-chief executive officers of the EG Group, a global convenience store retailer based in Blackburn, U.K., and investment funds managed

Asda-Sainsbury’s merger cancelled

Asda-Sainsbury’s merger cancelled

LONDON — British grocer Sainsbury’s planned £7.3 billion ($9.4 billion) acquisition of Walmart’s Asda division has been blocked by U.K. regulators. Britain’s Competition and Markets Authority ruled that the deal, announced in April 2018, would hurt competition and result in higher prices for consumers, not only in stores but also online and at gas stations.