0 Simon Mugo Posted May 15, 2019 Author Share Posted May 15, 2019 Quote Link to comment Share on other sites More sharing options...
0 Simon Mugo Posted May 15, 2019 Share Posted May 15, 2019 This is a good question given that the U.K. Competition and Markets Authority recently blocked Asda’s merger with British retail giant Sainsbury citing the risk of higher consumer prices. Walmart Inc. (NYSE: WMT), which bought Asda 20 years ago is considering the option of listing Asda in the U.K. in order to create more value for stakeholders. Walmart’s CEO, Judith McKenna told Asda’s managers that the U.S. retailer is considering the possible listing of Asda as part of its long-term plans for the U.K. retailer. However, she cautioned employees that an IPO could take years to materialize as the company looks for ways to grow its UK subsidiary. I think Walmart should list Asda in the U.K., its primary market, which would allow both employees and managers to own a part of the company. By owning a part of the company, both managers and employees would be quite motivated to see the U.K. retailer grow and become more profitable as they stand to benefit if this happens. Quote Link to comment Share on other sites More sharing options...
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Simon Mugo
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