Walmart mulls Asda sale after failed Sainsbury’s merger

Source: retail-week, Wednesday, May 8, 2019

Walmart is exploring the possibility of exiting from Asda after the CMA blocked its merger with fellow UK big four grocer Sainsbury’s. The retailer is mulling a float or sale as private equity firms and other bidders circle. It is looking to exit the UK market and focus on more profitable emerging markets such as India. Walmart has reportedly been approached by bargain chain B&M.