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.Photographer: Simon Dawson/Bloomberg
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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.
