Can Walmart Plans for Asda Enhance International Business?

  • Author Name : IMR
  • Publish Date : April 30, 2018

A lot is being spoken about Walmart Inc.’s WMT plans to merge its UK grocery unit, Asda with J Sainsbury plc JSAIY . Well, sources revealed that Sainsbury has been in advanced talks to combine with Asda, which was scooped up by Walmart in 1999 in a bid to expand its international operations. However, Walmart will continue to hold stake in the merged entity – which is likely to give tough competition to UK’s supermarket biggie Tesco PLC TSCDY.