Facebook Pinterest Search Icon SourcingJournal_horiz Tumbler Twitter Shape photo-camera graph-trend Shape latest-news icon / user

Walmart Sells Majority Stake in Asda

Supply chain woes and soaring prices defined the past year. What lies ahead? Read the 2022 Sourcing Report for a deep global dive, plus expert insights on navigating the sourcing roller coaster.

U.K. supermarket chain Asda is headed back to British ownership, now that Walmart is selling a majority stake in the company. Terms of the deal were not disclosed, but the total enterprise value is believed to be in the range of $6.8 billion pounds ($8.79 billion). The new majority stakeholders will be British billionaire Issa…

This content is for Annual and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or subscribe.

Log In Subscribe

More from our brands

Access exclusive content Become a Member Today!