ASDA/WAL-MART
A Corporate Profile

By Corporate Watch UK
Completed November 2004

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Who, Where, How Much?

• Head office
• Board of Directors
• Subsidiaries and Alliances
• Shareholders

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Head office

Asda is owned by Wal-Mart Stores (UK) Limited, which in turn is owned by Wal-Mart in the US.

Wal-Mart Stores Inc.
702 S.W.8th Street
Bentonville, Arkansas 72716
USA
Phone 001 479 273 400
http://www.walmart.com or http://www.walmartstores.com

You can find lots of information, including details of their international operations and some stomach-churning propaganda and greenwash, on Wal-Mart's corporate information website www.walmartstores.com. Its Annual Report can be read at http://media.corporate-ir.net/media_files/irol/11/112761/reports/wmt_040704.pdf

UK Office
ASDA Group Limited
Asda House Southbank
Great Wilson St.
Leeds LS11 5AD

Phone: +44 (0)113 243 5435
Fax: +44 (0)113 241 8666

Website: www.asda.co.uk

Wal-Mart's total net sales from 2004 came to $256 billion – an increase of 12% from the previous year. $47 billion of this came from the international sector, of which 45.6% was from Asda – that's roughly $23 billion.

Board of Directors

Tony Denunzio, CEO
Before coming to Asda, Tony Denunzio worked for Pepsico and L'Oreal. He is currently a non-executive director of the MFI furniture group1, which used to be owned by Asda, and chairs the Retail Strategy Group.[2]

Andrew Bond

David Cheesewright

David Downie

David Smith

David Dible

Harold Scott Jr

John Longworth

John Menzer

Angela Spindler

Judith McKenna

Company Secretary is John Longworth

Andrew Bond is also chairman of property developer Gazeley, also owned by Wal-Mart.[3]

John B Menzer is also a senior officer of Wal-Mart, holding the positions Executive Vice-President and President & CEO of the International Division.[4]

Auditors: Ernst and Young

Subsidiaries and alliances

1. Asda Employee Share Schemes Trustee Limited
2. Asda Quest Trustees Limited
3. Asda Storage Limited
4. Asda Stores Limited
5. Corinth Services Limited
6. Gazeley Holdings Limited
7. McLagan Investments Limited
8. George Davies Holdings Limited
9. APS (Estate Agencies) Limited
10. Asda (Number 1) Limited
11. Asda Financial Services Limited
12. Burwood House Developments Limited
13. Company Chemists Association Limited
14. The Burwood House Group Limited
15. The George Davies Partnership Limited
16. Wal-Mart (UK) Limited

[Info from http://amadeus.bvdep.com/]

Shareholders

Wal-Mart Stores Inc
Wal-Mart Stores (UK) Limited

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References
1 http://www.mfigroup.co.uk/index.asp
2 http://www.dti.gov.uk/retaildoc/exec.pdf
3 http://www.grocertoday.co.uk/gra_article.aspx?articleid=75186&wordstohighlight;=asda
4 Wal-Mart Annual Report, 2003