The demand for groceries during the COVID-19 pandemic, and the need to concentrate on urgent business, has led Walmart to pause its efforts to sell a majority stake in Asda:
“Walmart has paused efforts to sell a majority stake in U.K grocer Asda, so it can direct full attention to managing the business as the coronavirus pandemic creates massive spikes in demand for groceries.”
P.S. Walmart continues to pursue overseas opportunities and is investing in strong executive leadership for its international division. Are you interested in selling your products in other countries? Our experts can help. Contact us today to schedule an appointment.