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Walmart

October 3, 2020

Walton family’s Walmart sells Asda to British billionaire brothers, Persson family’s H&M closes 250 stores and ramps up online investment, Lotte Group prepares for the hands-free “untact” future today.

Walton family’s Walmart sells Asda to British billionaire brothers

Walmart, the world’s largest family business, has sold most of its ownership of the Asda supermarket chain in the UK after 21 years to a fledgling British family business owned by the billionaire Issa brothers for £6.8 billion ($8.7 billion).

April 22, 2020

Walton family’s Walmart hires 200,000 furloughed staff and pauses Asda sale, Barbour family switches production from clothing to personal protection equipment, Grosvenor Estate targets help at vulnerable businesses and families.

Walton family’s Walmart hires 200,000 furloughed staff and pauses Asda sale

Walmart, the world’s biggest family business, reached its goal of hiring 150,000 new employees by the end of May in less than a month and has pledged to hire an extra 50,000 staff as part of the US retailer’s response to the coronavirus crisis.

February 19, 2020

Walmart is disappointed with festive consumer spending and Asda but online sales up 35%, JCB cuts UK production as the coronavirus hits Chinese suppliers, and fifth-generation US newspaper dynasty McClatchy Co files for bankruptcy.

Walmart disappointed with festive consumer spending and Asda but online sales up 35%.

Walmart, the world’s biggest family business with $524 billion in revenue and an economic bellwether, says holiday sales were weaker than anticipated despite online sales jumping 35% in the fiscal year.

June 7, 2018

Akka enters US aerospace, Walmart sells majority of Brazil business, and Mars invests $1 billion in sustainability

Akka enters US aerospace

The rapidly growing Akka Technologies is making good on its promise to conquer the US, acquiring PDS Tech for an undisclosed sum.

June 14, 2017

Walmart staff deliver, Heineken takeover challenged, and Nordstrom family to buy out

Walmart staff deliver

Family business giant Walmart encouraging staff to make online-order deliveries on their way home is a “win-win-win” for workers, customers and the business.

The retailer is attempting to head off competition from Amazon and pitched the idea as a way for staff to make extra money, while the business cuts costs.

May 25, 2017

Walmart reports huge jump in US online sales, next-generation family member joins Vedanta board, and GIIN survey says big financial firms bring mixed blessings for impact investing  

Walmart reports huge jump in US online sales

The family-owned retail giant Walmart has reported a modest rise in total revenues and a much larger increase in US online sales.

As it looks to take on e-commerce behemoths such as Amazon, the US-based retailer achieved a 63% rise in US online sales in the first quarter of this year.

Walmart’s online ambitions were demonstrated last year by its $3.3 billion acquisition of the internet retailer Jet.com.

January 17, 2017

The Walton family grew American retail chain Walmart into the largest retailer in the world and became the richest family in the US in the process. CampdenFB takes a look at the people behind the brand. 

The Walton family grew American retail chain Walmart into the largest retailer in the world and became the richest family in the US in the process. CampdenFB takes a look at the people behind the brand. 

July 21, 2016

Five of the world’s largest family businesses in the top 20 of the new Fortune Global 500 have seen their combined revenues slump by more than $74.5 billion compared to last year.

Five of the world’s largest family businesses in the top 20 of the new Fortune Global 500 have seen their combined revenues slump by more than $74.5 billion compared to last year.

The 2015 fiscal year impacted the bottom lines of Volkswagen, Toyota Motor, Samsung Electronics, and EXOR Group by almost 6% with not even Walmart, controlled by the Walton family, immune from sales falling for the first time, Fortune reported.

Berkshire Hathaway was the exception to the rule, with revenue up by more than 7%.

April 23, 2015

Investor sentiment and family reputation could be driving the Walton family’s announcement that it intends to cap its stake in US hypermarket chain Walmart at 50%, according to a business academic from Arkansas, where the company is headquartered.

Investor sentiment and family reputation could be driving the Walton family’s announcement that it intends to cap its stake in US hypermarket chain Walmart at 50%, according to a business academic from Arkansas, where the company is headquartered.

Share buyback programmes have caused the family’s stake to rise above the threshold, and it has consequently announced it will rid itself of shares “from time to time” to stop this.

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