Private equity-owned retailer plans to use proceeds from latest asset sale to help settle debt to previous owner Walmart ...

Asda has sold off another tranche of stores as it looks to raise cash to pay off its mounting debt pile. Property investment ...

UK grocery chain Asda has finally completed Project Future, its multi-year, £1 billion IT transformation push to separate more than 2,500 systems from former owner Walmart, with all stores, food ...

LONDON (Reuters) -Asda, Britain’s third-largest supermarket group, said on Thursday that sales in its current quarter would be dented by disruption linked to the final phase of a major IT overhaul ...

Asda’s VP of Digital and Technology, Rob Barnes, explains how the divorce from its US owner Walmart has presented both opportunities and challenges. Asda is one of the largest supermarket chains in ...

Back in November, Allan Leighton, the former CEO who has now returned as executive chairman, went on record as saying that it could take three to five years to revive British supermarket chain Asda ...

Walmart Inc expects to record a non-cash loss of about $2.5 billion this fiscal year due to the sale of its British supermarket chain Asda, the retailer said on Friday.

Walmart will sell a majority stake in the UK-based grocery retailer Asda to the Issa brothers, the co-CEOs of EG Group, and TDR Capital for an enterprise value of $8.8 billion. The Issa brothers and ...

Signs that the Issa brothers are out of their depth in the cut-throat world of supermarkets are there for all to see.

Asda is facing its toughest period in more than a decade as new market data shows the supermarket rapidly losing ground to ...

LONDON (Reuters) - Sainsbury's and Walmart's Asda are in talks to create Britain's biggest supermarket group, a combination which would surpass Tesco's grocery market share and be worth up to 15 ...

Walmart Inc. has found a buyer for a majority stake in its U.K. unit, Asda, a year after a failed attempt to sell it to a rival chain fell through. The Bentonville-based retailer said Friday that it ...