Creating a new dynamic UK retailer
Commenting on the announcement made by J Sainsbury’s this morning on the proposed merger of Asda Group Ltd and J Sainsbury plc, Asda President and CEO Roger Burnley said;
“The combination of Asda and Sainsbury's into a single retailing group will be great news for Asda customers, allowing us to deliver even lower prices in store and even greater choice. Asda will continue to be Asda, but by coming together with Sainsbury's, supported by Walmart, we can further accelerate our existing strategy and make our offer even more compelling and competitive.
From my six years with Asda and ten years with Sainsbury's, I know first hand that both organisations are fortunate to employ some of the most talented and customer-focused colleagues in this market and I am excited by the opportunity of the two coming together.”
For further details on the proposed merger, visit www.j-sainsbury.co.uk.
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Asda is a UK retailer founded in 1949 serving around 19 million customers a week and currently employs over 146,000 people across the UK. It has a multi-format, omni-channel offering, selling its products through a network of 584 grocery stores, 18 standalone petrol filling stations and 33 Asda Living stores and also online. In addition to grocery and general merchandise, Asda also operates George, a leading UK clothing retailer by volume, with both an in-store and online offering. Asda has a significant property portfolio, of which 75 per cent of the square footage is freehold.
Asda is owned by Walmart. Walmart meets the needs of nearly 270 million customers every week, with over 11,700 retail units under 65 banners in 28 countries and eCommerce websites in various international markets.