Walmart, the world's largest retailer, has put the possible sale of a majority stake in its British supermarket arm Asda on hold until the coronavirus crisis is over, said a person familiar with the situation.
Walmart, the world's largest retailer, said on Wednesday that it was in talks with a small number of interested parties regarding an opportunity to invest in Asda, its British supermarket arm, alongside itself.
Britain’s competition regulator is launching an in-depth investigation into Amazon.com Inc’s purchase of a stake in online food delivery group Deliveroo after the companies failed to assuage its initial concerns.
Under pressure to reduce environmental waste from single-use containers, major consumer companies including Procter & Gamble Co, Unilever Plc and The Body Shop are rolling out more products in refillable form.
Innovaderma, the company behind makeup label Stevie K and Skinny Tan, has announced plans to launch its brands in new territories and branch out into new categories after seeing a 21% increase in revenue in 2019.
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.