, Columnists
Wal-Mart Needs to Cut Asda Loose
U.S. giant could sell the supermarket chain to a private-equity firm.
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It's time for Wal-Mart to cut Asda's apron strings.
The U.S. retail giant has struggled with the U.K. supermarket it bought for 6.7 billion pounds ($8.9 billion) in 1999. A sale to a private equity firm would make sense -- but might need some concessions from Wal-Mart to make it happen.