Walmart merging with UK retail chain to counter Tesco in UK

Sainsbury’s, Britain’s second largest supermarket, and Walmart, the world’s biggest retailer, are in advanced talks about a tie-up that would create ‎a more powerful rival to UK market leader Tesco, Sky News reported on Saturday.

Sky News said the two companies are in negotiations about combining Walmart’s Asda business in the UK with Sainsbury’s in a 10 billion pound deal.

It said an announcement could be made as early as Monday, or even sooner if the two sides are forced to accelerate their public disclosures.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.