Winston Walmart has signed on to buy retailing startup Winnsons grocery store in a deal valued at $9 billion.
The acquisition comes a few weeks after Walmart made a $3 billion investment in the grocery business, which also includes grocery delivery and groceries.
The deal is expected to close in the first half of 2019.
The deal will be the largest acquisition for a major U.S. retailer.
Walmart is the fourth-largest U.K. retailer behind Tesco, Sainsbury’s and Waitrose.
The company will also become the first major U:store chain to sell online in the U.k.
Winnsons, which has more than 2,000 locations across the U, will be based in Walton Park, London, and will also sell in the European market.
In addition to Winnson, Walmart is also working on a new grocery store chain with a focus on organic food and sustainable products, and is expected soon to open stores in Spain, Mexico and Brazil.
Walmart’s decision to acquire Winnsions grocery stores will be a significant step in the company’s growth strategy.
A lot of people see Walmart as the only place to buy groceries, but Winnsson has been around since 2004 and is known for its fast and reliable delivery service.
It also has a huge presence in the apparel and retail sectors.
At the time of the acquisition, Walmart said it will also focus on expanding its retail footprint in the fast-growing global food and grocery markets.
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