Bloomberg: Walmart Got a Lot More Than $10 Billion From Asda Investment

“Walmart Inc. is parting with Asda, but the British grocer will always be part of Walmart.

Asda’s two-decade run as one of Walmart’s biggest international operations created a special relationship between the American and English retailers, who on Monday revealed plans to combine Asda with British rival J Sainsbury Plc in a $10 billion deal. Over the years, Walmart has hired Asda’s top talent and borrowed its innovations in everything from e-commerce to employee training. It has even adopted some of the Brits’ retail lingo.”

“’They have acquired great human capital with the managers that have run the Asda business,’ said Ken Harris, managing partner at Cadent Consulting Group, who’s advised retailers and consumer-product companies for more than 25 years. This ‘seasoned group of talent’ knows how to compete against any rival, he said.”

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