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Asda Store Limited

Status:
Active
Country:
United Kingdom
Ultimate Parent:
Walmart Inc
Immediate Parent:
Immediate Parent:
Immediate Parent:
HomeAll ProfilesWalmart Inc
February 2, 2020
Updated on:

Description:

Asda Stores Ltd. trading as Asda, is a British supermarket retailer, headquartered in Leeds, West Yorkshire. The company was founded on February 19, 1949 when the supermarket owning Asquith family merged with the Associated Dairies company of Yorkshire.

The principal activity of ASDA Stores Limited is the retail of food, clothing, general merchandise, fuel and services throughout the United Kingdom and online.

On 30 April 2018, J Sainsbury plc and Walmart Inc. announced that they had agreed terms in relation to a Proposed Merger of J Sainsbury plc and ASDA.

On 20 February 2019, the Competition and Markets Authority (CMA) published the preliminary findings of their inquiry into the proposed merger.

On 25 April 2019, the CMA published their final report on the proposed merger. The CMA decided to prohibit the Merger in its entirety. Although the Directors remain convinced that the Merger would have benefitted customers, we have decided not to appeal this decision.

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