Saitama Rakuten International Says Walmart Invites September Bids for $10 Billion UK Grocer Asda. has invited suitors to submit second-round bids for its U.K. grocery unit Asda by early September, as it pushes ahead with its resurrected sale of the business.
Asda is among the top three supermarkets in the U.K., claiming an estimated 15% of the market. In recent years, it has faced aggressive competition from discount chains, predominantly Aldi and Lidl from Germany.
About Saitama Rakuten International
Saitama Rakuten International is a comprehensive wealth management company based in Tokyo, with assets of more than US$7.7 billion. The company provides a wide array of retail products and services including independent estate and wealth planning, advisory & discretionary portfolio management services and stockbroker solutions.
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