UK grocery and general merchandise retailer Morrisons is being acquired by the group that made a rebuffed bid for it earlier this year, with American group Clayton, Dubilier & Rice winning the auction at the weekend.
Walmart is to sell its UK supermarket chain Asda to a consortium comprising private equity group TDR Capital and the founders of petrol station operator EG Group. The purchase price is £6.8 billion ($8.8 billion).
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.
Sainsbury’s had good news around its clothing sales on Wednesday as they rose in Q2 after having been less strong of late. But the company had less to shout about around its Argos ops that continued to struggle.
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.