The news of a pending merger between Sainsbury’s and Walmart-owned Asda is sending shockwaves across the British retail world. If approved, the combined chain would have 2800 stores and a 31% market share, which would vault the prior number 1 and 2 chains slightly ahead of market leader Tesco. On a global basis, this merger is even more remarkable:It is a merger, at least as it is understood today. This is not simply Walmart gobbling up another competitor but actually signifies them taking a backseat in the combined company. This is not simply Walmart gobbling up another competitor but actually signifies them taking a backseat in the combined company.

Source: Forbes April 29, 2018 13:41 UTC