LONDON: Walmart, the world's biggest retailer, said it is considering a stock market listing for its British supermarket arm Asda, whose attempt to combine with rival Sainsbury's was blocked by the UK regulator last month.
Britain's competition regulator ruled Sainsbury's 7.3 billion pound takeover of Asda could not proceed, blocking one potential exit route for Walmart from the UK. McKenna's comments are the first time Walmart has publicly addressed its future strategy for Asda since the Sainsbury's deal collapsed."Walmart does not have a one-size-fits-all approach to operating its international markets, but a consistent focus on strong local businesses powered by Walmart," she said.
Source: News Formal (newsformal.com)
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