Walmart

Walmart ups guidance as Q1 sales rise 38%

Walmart has upped its guidance for the year, as sales rose 38% during the 13 weeks to 26 April, partly…

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Walmart International boss to step down

Walmart has announced its International president and CEO Judith McKenna is to step down from her role in order to…

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Walmart commercialises delivery platform

Walmart is commercialising its delivery platform, with the launch of ‘Walmart Go Local’ which will see other retailers tap into…

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Issa brothers junk bond sale raises £2.75bn

The Issa brothers, Asda’s billionaire buyers, have raised a record-breaking £2.75bn through a sterling junk bond, as investors continue to…

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New Asda owners considering £3bn George sale

The Issa brothers, the new owners of ‘Big Four’ grocer Asda, are reportedly considering a £3bn sale of its clothing…

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Lone Star drops out of Asda race

US private equity firm Lone Star has reportedly dropped out of the £6.5bn race to acquire Asda from Walmart. According…

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EG Group to vie with equity firms for Asda stake

The EG Group, owned by petrol station billionaire brothers Zubin and Moshin Issa, is reportedly among a number of interested…

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Walmart in talks over potential sale of stake in Asda

American retailer Walmart has revealed it is in talks over a potential sale of its stake in ‘Big Four’ grocer…

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Walmart offloads Asda pensions amid IPO plans

Asda owner Walmart has reportedly struck a deal to offload £3.8bn worth of pension liabilities as it eyes a potential…

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Walmart considering Asda IPO

‘Big Four’ grocer Asda could be listed on the stock market as its parent company Walmart mulls over its future…

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