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
Walmart announced that John Furner will become the President and Chief Executive Officer of Walmart U.S., following a successful five years for the business segment under Greg Foran. Furner will report directly to Walmart President and CEO Doug McMillon, and the move will be effective November 1. …
Walmart shoppers in both Oregon and Washington can bid shopping bags farewell. The store is doing away with both paper and plastic bags in all stores in both states starting April 18. …
Friday, Nov. 3, Walmart will celebrate the “Second Best Day” for 117 stores nationwide, the largest single-day rollout of re-grand openings in company history. The re-grand opening projects represent more than half a billion dollars in capital investments in local communities across 30 states. Associates and customers will be welcomed into the improved Supercenters and Neighborhood Markets with ceremonies, ribbon cuttings and family-friendly activities to commemorate the occasion. …
© Copyright 2021 | Phoenix Media Network | All Rights Reserved | Terms of Service | Privacy Policy
