Around the same time, Asda embarked on a program called Project Future to set up IT systems independent of Walmart, to ...

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

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 ...

Reporting from LONDON — Sainsbury’s has agreed to buy Walmart’s U.K. unit, Asda, for $10.1 billion in cash and stock in a deal that would create Britain’s largest supermarket chain and ...

Remember the one about Walmart's WMT acquisition of Asda being the launchpad for hundreds of Asda stores all over Europe? No? Me neither. Instead, the world's biggest retailer will retain just a ...

Walmart Inc.'s sale of Asda, its U.K. supermarket chain, is a step closer to gaining the needed approval of that nation's antitrust authority. Asda buyers Zuber and Mohsin Issa and private-equity ...

A preview of the Asda brand refresh (top), shown at today’s results briefing, has striking similarities to Walmart (bottom). Asda’s chief executive Andy Clarke says the branding changes, which will be ...

ASDA, the Wal-Mart division operating in the United Kingdom, is getting set to develop a showcase store to drive Internet sales, an experiment to watch because the company likes to expand British ...

Walmart Inc. has found a buyer for a majority stake in its U.K. unit, Asda, a year after a failed attempt to sell it to a rival chain fell through. The Bentonville-based retailer said Friday that ...

Walmart Inc.'s sale of Asda, its U.K. supermarket chain, is a step closer to gaining the needed approval of that nation's antitrust authority. Asda buyers Zuber and Mohsin Issa and private-equity ...