Asda
 | |
 | |
| Company type | Subsidiary |
|---|---|
| Industry | Retail |
| Founded | Leeds, West Yorkshire, England (1965) |
| Headquarters | Leeds, West Yorkshire, England |
Key people | Andy Bond, Chief Executive |
| Products | Grocery, General merchandise, Financial services |
| Revenue | see Walmart |
| £638 million | |
Number of employees | 150,000 (2006) |
| Parent | Wal-Mart |
| Website | www.asda.co.uk |
Asda Stores Ltd. is a British supermarket chain. It sells meat, groceries, vegetables, fruit, clothes, frozen foods, electronics, party and homeware and general merchandise at a very cheap price.
In 1999, It became a subsidiary of the American retail giant Walmart,[1] the world’s largest store,[2]
Asda was the second-largest supermarket chain in the United Kingdom between 2003 and 2014, after 2014 it fell into third place.[3][4]
In 2019, A potential merger with Sainsbury's was proposed, but did not happen.[5]
In 2021, the brand was sold to the Issa Brothers,[6] with Walmart holding a 10% stake in Asda.
References
[change | change source]- ↑ "Wal-Mart buys Asda in UK retail shock". Eurofood. 17 June 1999. Archived from the original on 8 July 2012. Retrieved 6 April 2008.
- ↑ "Global powers of retail report - wal mart remains world's largest global retailer - Deloitte & Touche". deloitte.com. Retrieved 7 October 2008.[permanent dead link]
- ↑ Sweney, Mark (2 April 2019). "Sainsbury's falls behind Asda to become UK's third biggest supermarket chain". The Guardian. Archived from the original on 31 March 2020. Retrieved 8 April 2019.
- ↑ "Market share of grocery stores in Great Britain for the 12 weeks ending March 29, 2015". Statista. Archived from the original on 17 January 2014.
- ↑ "Sainsbury's-Asda merger blocked by regulator". BBC News. 25 April 2019. Retrieved 31 December 2024.
- ↑ "Asda bought by billionaire Issa brothers in £6.8bn deal". BBC News. 2 October 2020. Retrieved 31 December 2024.
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