Asda is a British supermarket chain which is owned by the American retail giant Walmart. Asda has over 600 stores across the UK, and employs over 180,000 people. Asda is the second largest supermarket chain in the UK, behind Tesco.
Asda was founded in 1965, and was originally called Associated Dairies & Farm Stores Ltd. The company was created by a merger of two Yorkshire-based grocery chains, Asquith Butchers and Queen’s Supermarkets. In 1999, Asda was acquired by Walmart for $10 billion.
Asda is known for its low prices, and offers a wide range of products including food, clothing, homeware, and electricals. The company also has its own branded products, which are often cheaper than similar products from other brands.
Asda has been criticized in the past for its employment practices, and has been accused of paying its staff low wages. The company has also been criticized for its environmental record. However, Asda has made some changes in recent years to improve its reputation, such as introducing a minimum wage for all staff members, and increasing its recycling rates.
Conclusion: Is Asda owned by Walmart? Yes, Asda is owned by Walmart.
