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

Aldi’s discount rival Lidl was the fastest-growing outfit at 11.2 per cent – its third consecutive month of double-digit ...

The deal values Asda at £7.3 billion ($10 billion), and if it closes will net Walmart £2.975 billion ($4 billion) in cash, a 42 percent share of the combined business as a “long-term ...

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 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 ...

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 marks a profound shift in the ...

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.

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 ...

Black Friday sales nowhere to be seen in Walmart's ailing U.K. division, Asda. Asda has been Walmart's worst-performing division for several months, indicating only last week that U.K. sales were ...

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 ...