Supermarket taking 'pragmatic approach' to 'Europe's largest IT transformation program' Asda has postponed the tech ...

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 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 ...

As for Walmart, right now Asda has become little more than a distraction and, at a time when it seems to be the only retailer with the financial muscle to take on Amazon online, it's picked the ...

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 ...

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 number of senior Asda directors, including former finance director Judith McKenna and COO Mark Ibbotson, have also crossed the Atlantic ocean to work for Walmart. There is now evidence that Asda, ...

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 ...

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.'s sale of Asda, its U.K. supermarket chain, is a step closer to gaining the needed approval of that nation's antitrust authority.