It’s time for Walmart to cut Asda’s apron strings, according to an analysis by Bloomberg.
It says the US retail giant has struggled with the UK supermarket it bought for £6.7bn in 1999. A sale to a private equity firm would make sense – but might need some concessions from Walmart to make it happen.
Read the full article on the Bloomberg website
- We all know what has been happening, but when you see it in these three Bloomberg charts it really brings it home…
- Thinking about it, Walmart has never been able to apply its basic tools organic growth – because of planning legislation – and growth by acquisition – because of competition law – in the UK.
- At 8% of global Walmart sales, is low profile, but its lower margins are seen as dilutive of overall performance.
- Time for a what-if on a sell-off?
- With Private Equity an obvious option, the final paragraphs of the Bloomberg article give an interesting assessment of the financial rationale…