Tata Consultancy Services (TCS) reported $7.67 billion in revenue for the second quarter of FY25, reflecting a 6.4% increase year-over-year and steady growth despite a challenging macroeconomic landscape. TCS’s robust earnings report underscores its resilience as one of India’s most prominent technology and consulting firms, though the market reaction was less favorable. Following the release, […]
PDS Limited, a pivotal player in the global fashion infrastructure, has announced a strategic expansion of its partnership with ‘George’, the distinguished fashion label of Asda, one of the leading retail chains in the UK and Europe. This expansion underpins PDS Limited’s commitment to fostering global fashion alliances and marks a significant step in its […]
Tata Consultancy Services (TCS) has forged a significant multi-year partnership with UK retail giant Asda, embarking on an ambitious journey to bolster Asda’s digital transformation following its separation from Walmart. This strategic alliance aims to leverage TCS’ cloud, artificial intelligence (AI), and security solutions to ensure a seamless and secure divestiture process for Asda. Furthermore, […]
British supermarket chain Asda Group has announced the acquisition of convenience and fuel retail company EG Group’s UK and Ireland operations for an enterprise value of £2.27 billion. The deal, led by the Issa brothers, investment funds managed by TDR Capital LLP, and Walmart, will see Asda bolster its presence in the convenience and fuel […]
Walmart has agreed to divest a majority stake in British supermarket retailer Asda to the Issa brothers and investment funds managed by TDR Capital for an enterprise value of £6.8 billion. The Issa brothers are founders and co-CEOs of EG Group, a UK-based convenience and forecourts retailer. Walmart will hold on to an equity investment […]
The UK Competition and Markets Authority (CMA) has started the first phase of a formal probe into the proposed Sainsbury’s acquisition of Asda from Walmart. Under its investigation, the British competition watchdog will undertake a detailed assessment into how the merger between the two supermarket chains could impact competition for shoppers. The CMA probe into […]
Retail acquisition news : British retail giant Sainsbury’s has agreed to acquire rival UK supermarket chain Asda from Walmart in exchange of £2.975 billion in cash and a stake of 42% in the combined business. The merger deal, which is aimed to create the largest supermarket chain in the UK, values Asda at nearly £7.3 […]
Retail acquisition news : British supermarket company Sainsbury’s and Walmart-owned Asda Stores are reported to be in talks over a £10 billion merger deal in a move to create the largest UK supermarket chain. The potential Sainsbury’s and Asda merger has been confirmed by the former on Saturday, reported Reuters. Sainsbury’s is currently in advanced […]
