Two billionaire brothers from Blackburn have won the battle to buy Asda from Walmart of the US, in a deal valuing the supermarket chain at £6.8bn.
A consortium of Zuber and Mohsin Issa and private equity firm TDR Capital will take a majority stake in Asda.
It means the grocer will return to majority UK ownership for the first time in two decades.
The Issa brothers own EG Group, which has more than 5,200 petrol stations across the UK and Europe.
To read the rest of the story, please go to: BBC
It’s a new year and Walmart is resolving to bring the convenience of InHome delivery to even more customers in 2022. Today, the retailer is announcing plans to scale the service, going from InHome being available to 6 million households to making it accessible to 30 million U.S. households by the end of the year. To support the expansion, Walmart plans to hire more than 3,000 associate delivery drivers this year as well as build out a fleet of 100% all-electric delivery vans. …
Walmart’s drone delivery program is soaring into the new year, having successfully completed its intended expansion plans for 2022. The company now operates, with its vendors, 36 drone delivery hubs across seven states, including Arizona, Arkansas, Florida, North Carolina, Texas, Utah and Virginia. …
Through this new partnership, TrueCommerce will help Walmart Marketplace sellers optimize their order management and accelerate business growth with one of the fastest-growing eCommerce platforms. TrueCommerce’s interface allows businesses to automatically exchange key order, fulfillment, customer, and inventory data between Walmart.com and its own business system, 3PL, shipping and/or warehouse management systems. …
© Copyright 2021 | Phoenix Media Network | All Rights Reserved | Terms of Service | Privacy Policy
