The world’s largest retailer, Walmart Stores, wants to get even larger: It has joined the bidding war for Indonesian retailer Matahari’s hypermarket business, Hypermart, a deal that could be worth up to $1 billion, unnamed sour…
Consumers are still cautious about spending as the effects of the recession linger. But many retailers are feeling more optimistic as we head into the holiday shopping season. Here’s a look at the people who are leading retail …
Walmart Stores (WMT) may change its plans to buy South African retailer Massmart, choosing instead to take a majority stake in the company.
This would allow Massmart to maintain its listing on the Johannesburg Stock Exchange, The Wall Street Journal reported.
Walmart is now weighing up the option of buying a stake in Massmart greater than 50% of the company. The price would remain…
Continue reading Walmart Considers Scaling Back Massmart Plans
Walmart Considers Scaling Back Massmart Plans originally appeared on DailyFinance on Thu, 28 Oct 2010 06:44:00.
Filed Under: Company News, Wal-Mart Stores, Retail, Stocks in the News
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Wal-Mart Stores (WMT) CEO Michael Duke said he is “optimistic” that foreign companies will be allowed to invest in the Indian retail sector.
Wal-Mart is hoping that India’s government will loosen restrictions on foreign investment after the trade min…