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Sainsbury’s

An Asda Superstore in Hartlepool, England.
Investments / Public Companies

UK Regulators Block Sale of Walmart’s Asda Unit to Competitor

British regulators blocked Sainsbury's $9.4 billion purchase of Walmart's Asda unit on Thursday amid concerns the deal would have increased prices and reduced the quality and range of products available. For Walmart, it's another setback in its effort to export its low-price strategy around the world. read more >
An Asda Superstore in Hartlepool, England.
Public Companies

UK Regulator Casts Doubt on Walmart’s Sainsbury’s-Asda Merger

British regulators say the proposed supermarkets merger between Sainsbury's and Walmart's Asda unit would push up prices and reduce quality for shoppers, casting doubt on a deal that would create the country's biggest grocery chain. read more >
An Asda Superstore in Hartlepool, England.
Investments / Public Companies / Retail

Sainsbury’s to Buy Asda From Walmart in $10.1B Deal

Sainsbury's has agreed to buy Walmart's U.K. unit, Asda, for $10.1 billion in cash and stock in a deal that would create Britain's largest supermarket chain. read more >
An Asda store in Manchester in the United Kingdom. Asda is the UK's second largest chain by market share after Tesco.
Real Estate / Retail

Wal-Mart’s Asda: More Price Cuts as Grocery Wars Heat Up

Wal-Mart's United Kingdom operation Asda, is investing another 500 million pounds ($721.9 million) in price cuts as the grocery discount wars escalate. read more >