Asda is a British supermarket chain with stores throughout the United Kingdom. It is a subsidiary of the American retail giant Walmart. Asda has been part of Walmart since 1999, when Walmart acquired a majority stake in the company.
Asda is one of the largest supermarket chains in the UK, with over 600 stores across the country. The company employs over 175,000 people and has an annual turnover of £21 billion.
Walmart is the world’s largest retailer, with over 11,000 stores in 27 countries. The company employs 2.2 million people and has an annual turnover of $485 billion.
Walmart first entered the UK market in 1999 with the acquisition of Asda. Since then, Walmart has expanded its operations in the UK, opening dozens of new stores and creating thousands of jobs.
The acquisition of Asda gave Walmart a strong foothold in the UK market. However, the company has faced some challenges in recent years.
In 2015, Walmart sold Asda to another British supermarket chain, Sainsbury’s. This was due to regulatory concerns about Walmart’s ownership of two major supermarket chains in the UK (Asda and Tesco).
Despite these challenges, Walmart remains committed to its UK operations and continues to invest in Asda. In 2018, Walmart announced plans to invest £1 billion in Asda over the next three years. This investment will be used to lower prices and improve customer service at Asda stores across the UK.
