LONDON — Wal-Mart wants another piece of British retailing.

Confirming rampant speculation, the world’s largest company on Tuesday announced it is interested in making an all-cash offer for U.K. food retailer Safeway. Tony De Nuzio, president and chief executive of ASDA, the U.K.’s third largest retailer and part of the Wal-Mart empire, said in a statement his ambition is "getting stores in parts of the country where we’re underrepresented."

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus