Wal-Mart trumps Sir Geoff with knockout bid for Asda
Article Abstract:
There could be a number of mergers and cross-border deals among supermarket operators following the unexpected 6.7 billion pounds sterling agreed bid by Wal-Mart for Asda. This is the largest foreign takeover of a UK retailer, and is forecast to prompt a fierce round of price competition. The deal will prevent Kingfisher from going ahead with its planned 17 billion pounds sterling merger with Asda. Wal-Mart has stated that it intends to allow existing Asda managers to retain control of the company.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1999
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'I abolished our former high-prices policy.'
Article Abstract:
Openness and honesty are very important, according to toy retailer Hamleys Chief Executive Simon Burke. He feels that it is vital to develop and express a vision for a business.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 2001
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