Walmart Sells Off U.K. Grocery Chain Asda
Walmart has sold their majority stake in U.K. grocer Asda to a private investment group at an $8.8 billion company value. Alex discusses the grocery landscape in the United Kingdom and explains why he sees this move as confirmation of Walmart’s shift in investment strategy towards digital offerings.
Why we think Walmart will go down as one of the greatest digital transformation stories in history: youtu.be/mH1PVFL8fBk
This is an excerpt from episode 119 of Winner Take All. Watch the full episode here: youtu.be/Py0Ju5rxQUA
Originally Aired: 10/06/20
Walmart Sells Majority Stake in Asda to U.K. Consortium in $8.8 Billion Deal: www.wsj.com/articles/walmart-sells-majority-stake-in-asda-to-u-k-consortium-for-8-8-billion-11601637665
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