Asda is a British supermarket chain owned by American retail giant Walmart. It was founded in 1949 by a group of Yorkshire farmers and is now the UK’s second largest supermarket chain.
Asda has been part of Walmart since 1999, when the US company acquired a majority stake in the business.
Asda was founded by a group of Yorkshire farmers in 1949. The company was acquired by Walmart in 1999.
Walmart is the largest retailer in the world, and Asda is its UK subsidiary. Asda is the second largest supermarket chain in the UK, behind Tesco. The company has over 600 stores across the country, employing over 180,000 people.
Asda’s slogan is “Save money. Live better.
“, and its logo is a yellow sun with three green triangles. The company’s primary competitors are Tesco, Sainsbury’s, Morrisons and Lidl.
In 2018, Asda announced plans to merge with rival supermarket chain Sainsbury’s. The proposed merger would create Britain’s largest supermarket group, ahead of current market leader Tesco. However, the deal was ultimately blocked by the UK’s Competition and Markets Authority on the grounds that it would lead to higher prices for consumers.
Who owned Asda before Walmart?
Asda was originally founded by a group of Yorkshire farmers in 1949. However, the company was acquired by Walmart in 1999 for £6.7 billion. At the time of acquisition, Walmart was already the largest retailer in the world and Asda became its UK subsidiary.
