Asda is a British supermarket chain owned by the American retail giant Walmart. Founded in the 1960s, Asda has grown to become one of the largest Supermarkets in the UK, with over 600 stores across the country.
In recent years, however, Asda has struggled to compete with its rivals, and in 2016 it was overtaken by Aldi as the UK’s second-largest supermarket. This decline has led to speculation that Walmart may sell off Asda, but so far no such sale has taken place.
Walmart acquired Asda in 1999 for $10 billion, and it has been widely reported that the US retail giant is now looking to sell the struggling supermarket chain. However, no official announcement has been made and it is not clear when or if a sale will take place. If Walmart does sell Asda, it is likely to be for a significantly lower price than it paid for the company.
Is Asda still owned by Walmart?
As of 2019, Asda is still owned by Walmart. There has been speculation that Walmart may sell off Asda in recent years, but no official announcement has been made and it is not clear when or if a sale will take place.
