Walmart’s Exit from the UK Likely Faces Delay After Asda Merger Collapse
The rejection of the merger between Walmart-owned Asda and Sainsbury’s in the United Kingdom has put a major kink in Walmart’s plans to exit the UK market.
Retail analyst Walter Loeb said the Bentonville retailer’s options are limited, since the chances of getting another merger are slim to none.
Loeb said Walmart could spin off Asda as a free-standing company and take it public, much like Walmex, the company’s subsidiary in Mexico and Central America. But that doesn’t help Walmart Asda improve market share where it has struggled to hold on to third place from the likes of Aldi and Lidl.
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