Walmart, the world's biggest retailer, said it is considering a stock market listing for its British supermarket arm Asda, whose attempt to combine with rival Sainsbury's was blocked by the UK regulator last month.
Sainsbury’s may be bruised after its merger plan with Asda failed to get competition authority approval, but the company is still getting on with business as usual even if meaningful sales growth remains elusive.
Britain's competition regulator will publish its final report on supermarket group Sainsbury's takeover of Walmart-owned rival Asda on Thursday, with most analysts seeing little chance of the deal proceeding.
Sainsbury's and Asda said they were willing to sell 125-150 stores to get their proposed merger past the regulator - a number well short of what the Competition and Markets Authority (CMA) has said it is looking for.
The Manchester-based cosmetics company, which supplies beauty products to major retailers such as Primark, has acquired rival Pascalle Cosmetics in a move that will significantly expand its manufacturing capabilities.