×
66 667
Fashion Jobs
L BRANDS
Project Manager - Store Operations, Procurement
Permanent · Reynoldsburg
AESOP
Retail Consultant | nw 23rd Avenue
Permanent · Portland
MICHAEL KORS
Part-Time Sales Supervisor-Keystone, in
Permanent · Indianapolis
NEIMAN MARCUS
E-Commerce Data Coordinator
Permanent · Irving
BANANA REPUBLIC
General Manager - Phoenix Premium Outlets
Permanent · Chandler
BANANA REPUBLIC
General Manager - Tanger Outlets at Hershey
Permanent · Hershey
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Smyrna
KOHLS
Loss Prevention Hospitality Guard - Part Time (Weekends)
Permanent · San Antonio
MACY'S
Manager, Operations Sun-Wed 6:30pm-5:00am
Permanent · Portland
MACY'S
Asset Protection Detective, Roosevelt Field - Part Time
Permanent · Garden City
MACY'S
Asset Protection Captain, Old Orchard - Full Time
Permanent · Skokie
MACY'S
Senior Manager, Regional Fulfillment - sw
Permanent · Plano
MACY'S
Asset Protection Detective, University Town Center - Standard Part Time
Permanent · San Diego
MACY'S
Beauty Account Coordinator - Estee Lauder, Northpark Center - Full Time
Permanent · Dallas
MACY'S
Asset Protection Security Guard, Staten Island - Part Time
Permanent · New York
MACY'S
Manager, Merchandise Execution
Permanent · Aventura
MACY'S
Asset Protection Security Guard, Bay Plaza - Part Time
Permanent · Bronx
TJX COMPANIES
sr. Product Owner, Selling & Payments
Permanent · Marlborough
ATHLETA
Project Manager, Product Operations And Strategic Projects (Remote)
Permanent · San Francisco
ATHLETA
sr Analyst, Stores Finance - Athleta
Permanent · San Francisco
NEIMAN MARCUS
Buyer, Designer Handbags
Permanent · Dallas
NEIMAN MARCUS
Sales Manager, Ladies Shoes - Bal Harbour
Permanent · Bal Harbour
Published
May 7, 2019
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Is Walmart mulling an Asda exit, could B&M be eventual owner of George label?

Published
May 7, 2019

Walmart may have insisted that it would support Asda after the failure of its merger plan with Sainsbury’s, but there have been suggestions that the US giant could now sell the UK supermarket chain that also happens to be one of the biggest names in affordable fashion in Britain.


George at Asda



A sale or even a stock market listing are both being looked at, according to a report in the Daily Mail, with Walmart wanting to focus on stronger growth opportunities in markets such as India.

If Asda is sold, it would mean the George at Asda clothing line, which is one of the biggest affordable labels in UK fashion, also being under new ownership. George accounts for more than a quarter of the value clothing market’s total sales in Britain and last year, Asda said the label was growing in high-double-digits online.

With sale talk back on the agenda, the rumours linking Asda to value retail chain B&M have also resurfaced. There had been talk as far back as 2017 that B&M might be thinking about a £4.4 billion play for Asda, but that was dismissed at the time.

The newspaper said that Walmart has now been approached by B&M, although none of the parties involved has made any comment so far.

Analysts suggested that with grocery margins being very tight, private equity firms might not see much value in Asda so another retail business buying it would make more sense. And it might also make more sense than a listing, as other publicly traded supermarkets aren’t exactly setting the stock market alight at the moment. Watch this space.

Copyright © 2022 FashionNetwork.com All rights reserved.