US retail giant Wal-Mart has said it wants to have a store in every country in Europe, either by opening its own stores or making large acquisitions.

Wal-Mart’s chief executive, Lee Scott, said the company would also consider expanding in Europe via its UK subsidiary Asda, reported the Financial Times.

Scott did not give details of which countries Wal-Mart was looking at, or what companies may be acquisition targets, but said he could not think “of any country in Europe that we wouldn’t want to be in over the long course of time”.

“If you get an attractive deal in Europe at some point that would be an opportunity. But our growth internationally will be a combination of strategic acquisitions and greenfield opportunities. And we could have Asda stores in some different countries,” Scott was quoted by the FT as saying.

Wal-Mart’s European operations are so far limited to Asda and two small German retailers, which the company acquired in 1997.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.