Asda is a British supermarket chain owned by Walmart. It was founded in 1949 and has since grown to become one of the largest grocery chains in the UK, with over 600 stores.
Despite its success, Asda has not been immune to criticism. In recent years, the company has been accused of contributing to the decline of the high street, as well as being a source of cheap, unhealthy food.
Asda has also been embroiled in several controversies, including the horsemeat scandal of 2013 and the discovery of illegal migrant workers in its supply chain.
Despite these challenges, Asda continues to be a popular supermarket chain in the UK. In 2018, it was ranked as the second-largest grocery chain in the country by market share.
Are Asda still owned by Walmart?
Yes, Asda is still owned by Walmart. The American retail giant acquired the British supermarket chain in 1999 for £6.7 billion. Walmart remains the majority shareholder of Asda, with a 63% stake in the company.
