Does Walmart still have a stake in Asda?

As the world’s largest retailer, Walmart has a huge stake in Asda, one of the UK’s leading Supermarkets. But with Asda struggling to compete with the likes of Aldi and Lidl, is Walmart still committed to its UK business?

Walmart first bought a stake in Asda in 1999, and by 2005 it had become the majority shareholder. However, in October 2019, Walmart announced that it was selling a majority stake in Asda to the Issa brothers for £6.8 billion. This deal is yet to be completed, but it seems that Walmart is no longer as committed to Asda as it once was.

One reason for this may be that Walmart is struggling to compete with Amazon, which has been eating into its profits in recent years. Another reason may be that Walmart feels it can no longer justify the investment needed to keep Asda competitive. Whatever the reason, it seems that Walmart’s days as a major player in the UK supermarket sector are numbered.

Conclusion:

It seems that Walmart no longer has a major stake in Asda. This may be due to competition from Amazon or because Walmart feels it can no longer justify the investment needed to keep Asda competitive. Either way, this marks a significant change for the UK supermarket sector.

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