×
33 170
Fashion Jobs
H&M
h&m Retail District Manager
Permanent · Seattle
H&M
Data Analyst, CRM
Permanent · New York
H&M
Customer Insights Business Analyst
Permanent · New York
H&M
h&m Retail Visual Manager
Permanent · Dallas
COTY
Manager, Field Education Business (Central us Territory)
Permanent · Oklahoma City
TOO FACED
Executive Director, Product Marketing
Permanent · IRVINE
TIFFANY & CO
Manager, Events & Promotions n.a
Permanent · New York
BECCA
Accounting Manager, Becca Cosmetics
Permanent · New York
RANDA ACCESSORIES
President, E-Commerce
Permanent · NEW YORK
JBCSTYLE
Independent Sales Representative
Permanent · HOUSTON
JBCSTYLE
Independent Sales Representative
Permanent · DALLAS
JBCSTYLE
Independent Sales Representative
Permanent · AUSTIN
JBCSTYLE
Food And Beverage Operations Manager
Permanent · SOUTHLAKE
AVEDA
Aveda Advisor - 15 Hrs - South Park - Charlotte, nc
Permanent · Charlotte
LE LABO
Executive Director, na Sales & Education, le Labo
Permanent · New York
ESTÉE LAUDER
Retail Beauty Sales Manager - Estee Lauder - Carbondale, il
Permanent · Carbondale
CLINIQUE
Retail Beauty Sales Manager - Clinique - Marion, il
Permanent · Marion
SMASHBOX
Executive Director, Global Creative Design & Art Direction, Smashbox
Permanent · Culver City
AVEDA
Manager Creative Operations
Permanent · Blaine
LA MER
Retail Skincare Sales Manager - la Mer - (Easton) - Columbus, oh
Permanent · Columbus
SMASHBOX
Coordinator, E-Commerce, Smashbox North America
Permanent · Culver City
TOM FORD BEAUTY
Director, Global Communications, Tom Ford Beauty
Permanent · New York

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

Published
today May 7, 2019
Reading time
access_time 2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

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 © 2020 FashionNetwork.com All rights reserved.