Wal-Mart withdraws from European operations

This almost US$11 billion deal is now completed. The American retailer Wal-Mart, owner of Asda since 1999, concluded in late April 2018 the merger of the 3rd biggest British grocer by sales with Sainsbury as the n°2. This Asda – Sainsbury deal has two dimensions. First, it highlights a re-configuration of the global retail sector, as the world’s n°1 retailer has more ambitions for the Asian markets of China and India rather than Europe and Brazil. Second, this is a decisive opportunity for the