She said any preparations for going public would “take years. In addition to a potential listing of Asda, the U.S. retailer could also revisit a sale, though interest from private-equity firms has been lukewarm, people familiar with the situation said last month. Walmart has revamped its international portfolio by selling a majority stake in its Brazilian business and acquiring a majority interest in Indian e-commerce leader Flipkart Group in its biggest-ever deal. An Asda IPO could give the unit a similar structure to Walmart’s separately listed Mexico and Central America business.
«Walmart does not have a one size fits all approach to operating its international markets, but a consistent focus on strong local businesses powered by Walmart,» McKenna told employees.
Click here to read the full article