Asda is a British supermarket chain with over 600 stores across the United Kingdom. It is a subsidiary of the American company Walmart. Walmart owns 61.43% of Asda.
Asda was founded in 1949 by the Asquith family as a group of Supermarkets in Yorkshire. In 1965, it became a subsidiary of the UK company Associated Dairies & Farm Stores Ltd, which was later renamed Argyll Foods and then by 1991, Asda Stores Ltd. In 1999, Asda was acquired by Walmart for $10 billion.
Walmart is the world’s largest retailer, with over 11,000 stores in 27 countries. It was founded in 1962 by Sam Walton in Arkansas, United States. Walmart is a family-owned business, with the Walton family owning 48% of the company.
In 2016, Walmart acquired the online retailer Jet.com for $3 billion to help boost its online sales. In 2018, Walmart also acquired Flipkart, an Indian e-commerce company, for $16 billion to help grow its presence in India.
So how much of Asda does Walmart own? As mentioned earlier, Walmart owns 61.
This means that they have a controlling stake in the company but not a majority stake. The remaining shares of Asda are owned by a variety of other investors.
