Asda

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Asda Stores Ltd. is a British supermarket chain. It sells frozen fruit, meat, groceries, vegetables, fruit, clothes, frozen foods, electronics, party and homeware and general merchandise at a very cheap price.

Asda Stores Limited
Subsidiary
IndustryRetail
FoundedLeeds, West Yorkshire, England (1965)
HeadquartersLeeds, West Yorkshire, England
Key people
Andy Bond, Chief Executive
ProductsGrocery, General merchandise, Financial services
Revenuesee Walmart
£638 million
Number of employees
150,000 (2006)
ParentWal-Mart
Websitewww.asda.co.uk

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.

Asda Media

References

  1. "Wal-Mart buys Asda in UK retail shock". Eurofood. 17 June 1999. Archived from the original on 8 July 2012. Retrieved 6 April 2008.
  2. "Global powers of retail report - wal mart remains world's largest global retailer - Deloitte & Touche". deloitte.com. Retrieved 7 October 2008.[dead link]
  3. Sweney, Mark (2 April 2019). "Sainsbury's falls behind Asda to become UK's third biggest supermarket chain". The Guardian. https://www.theguardian.com/business/2019/apr/02/sainsburys-asda-uk-supermarket-aldi-lidl. Retrieved 8 April 2019. 
  4. "Market share of grocery stores in Great Britain for the 12 weeks ending March 29, 2015". Statista. http://www.statista.com/statistics/279900/grocery-market-share-in-the-united-kingdom-uk/. 
  5. "Sainsbury's-Asda merger blocked by regulator" (in en-GB). BBC News. 2019-04-25. https://www.bbc.co.uk/news/business-48048596. Retrieved 2024-12-31. 
  6. "Asda bought by billionaire Issa brothers in £6.8bn deal" (in en-GB). BBC News. 2020-10-02. https://www.bbc.co.uk/news/business-54383131. Retrieved 2024-12-31.