Skip to content
Subscriber Only

Walmart’s U.K. Retreat Leaves Asda With New Owners, Old Problems

  • Retail giant sells controlling stake to TDR, Issa brothers
  • Self-made Issas seen bringing entrepreneurial ‘flair’ to Asda
A no entry sign stands at an Asda supermarket, operated by Walmart Inc., in London, U.K., on Monday, Sept. 28, 2020.
A no entry sign stands at an Asda supermarket, operated by Walmart Inc., in London, U.K., on Monday, Sept. 28, 2020.Photographer: Simon Dawson/Bloomberg

Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.

Walmart Inc.’s 1999 acquisition of Asda looked set to disrupt the U.K. supermarket business, with the U.S. retailer using its deep pockets to shake up entrenched players like Tesco Plc and J Sainsbury Plc.