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Walmart To Help Asda Regain Ground

  • Sky News, Thursday, February 9, 2017 9:12 AM

A top executive at Asda's parent company has pledged greater support to the chain's recovery efforts after admitting it was slow to respond to the challenge posed by discounters in the UK. His comments raised the prospect of US-based Walmart shielding Asda, to a certain extent, from the effects of the weaker pound since the EU referendum.

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