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Walmart's Latest Plan: Exit Brazil

5 monthes ago   |   By WWD

Walmart Inc. isn't finished reshaping its global portfolio.
Following last week's $16 billion deal to acquire a majority stake in Indian e-commerce company Flipkart and the retailer's agreement to merge its Asda subsidiary in the U.K. with Sainsbury's Plc, Walmart on Thursday said it now is turning to its Brazilian operation. Brett Biggs, executive vice president and chief financial officer, said the retailer is putting its long-struggling Brazil business into play.
“We're continually reviewing our portfolio and consistent with that, we're currently considering options for our business in...
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