Walmart

Asda Raises £155m To Help Pay Down Debt

Struggling British supermarket group Asda has raised an additional loan of £155 million to help it pay back debt due in the next two years.

Dollar Tree’s third-quarter profit and sales beat market expectations on Wednesday, as the CFO announced his intention to step down.

Stuart Rose, executive chairman of British retailer Asda, has stepped down from his role and will be replaced by veteran Allan Leighton.

Europe’s biggest meal delivery firm Just Eat Takeaway has said it has struck a deal to sell its US unit Grubhub to Wonder for $650 million.

Walmart will pay $7.5 million to resolve charges that it illegally disposed of hazardous and medical waste into California’s landfills.

US retailer Target is reducing prices on more than 2,000 items ranging from snacks to toys and cold medicine ahead of the holiday season.

Unilever has agreed sustainability deals with its top ten retail customers aimed at cutting greenhouse gas emissions and minimising waste.

Asda said its chairman Stuart Rose will take executive responsibilities of co-owner Mohsin Issa as he steps back from his leadership role.

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