American-owned ASDA Group offers UK shoppers everything from frankfurters to diamond rings. Owned by retail giant Wal-Mart Stores, ASDA is the UK's second-largest food seller (behind Tesco).
It operates about 370 stores (including about 25 ASDA Living stores) that primarily sell groceries and apparel. The stores also sell CDs, books, videos, and housewares. It offers American, Chinese, and Mexican take-away meals.
Since being bought by Wal-Mart in 1999, ASDA has set off a price war in the UK by initiating Wal-Mart's aggressive "price-rollback" program and converting stores to Wal-Mart's supercenter format under the ASDA-Wal-Mart banner.
Private equity fund acquires Morenot majority stake Norway
FSN Capital V has acquired a majority stake in Norway based Mørenot Holding II, a world leading supplier of equipment and services to the world’s fishery- and aquaculture industries as well as marine seismic.
EU and Côte d'Ivoire renew fishing agreement European Union
The negotiations held in Abidjan have allowed the European Union and Côte d'Ivoire to agree on a new fisheries partnership protocol that gives access to Ivory Coast waters to 36 EU vessels.
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