ASDA Wal-Mart: Who, Where, How Much?

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A Corporate Profile


By Corporate Watch UK

Completed November 2004

Who, Where, How Much?


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


Phone 001 479 273 400


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. Its Annual Report can be read at

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


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]


Wal-Mart Stores Inc

Wal-Mart Stores (UK) Limited

4 Wal-Mart Annual Report, 2003