Andy Bond

Wal-Mart’s Massmart Takeover Bid Approved, Angering Unions

South African antitrust authorities approved Wal-Mart Stores Inc. ’s 16.5 billion rand ($2.4 billion) takeover of Massmart Holdings Ltd. with the same conditions proposed by the retailers, angering labor unions.

Wal-Mart Entry May Lead to ‘Destabilizing’ Import Surge, South Africa Says

South Africa’s Trade Minister Rob Davies said Wal-Mart Stores Inc. ’s bid to buy a majority stake in Massmart Holdings Ltd. may result in a “surge” in imports that could have a “destabilizing” impact on the economy.

Wal-Mart to Expand Massmart Operations in South Africa If Its Bid Succeeds

Wal-Mart Stores Inc., the world’s largest retailer, said it wants to expand the operations of South Africa’s Massmart Holdings Ltd. once it has acquiried the company.

Former Asda CEO Bond Says U.K. Retail Recession Still to Come

Andy Bond , the former chief executive officer of Wal-Mart Stores Inc.’s Asda chain, added to the woes of the British retail sector by forecasting the “retail recession” is still ahead.

Wal-Mart’s Asda Says Andy Bond Steps Down as Part-Time Chairman

Wal-Mart Stores Inc.’s U.K. supermarket chain Asda said Andy Bond stepped down as part-time chairman, less than a year after he was succeeded as chief executive officer by Chief Operating Officer Andy Clarke .

Wal-Mart’s Asda Unit Says Andy Bond Leaves Role as Chairman

Wal-Mart Stores Inc.’s U.K. supermarket chain Asda said Andy Bond stepped down as part-time chairman and will leave the U.S. retailer after the acquisition of South Africa’s Massmart Holdings Ltd. is completed.

Wal-Mart Offers to Buy South Africa's Massmart for $4.2 Billion

Wal-Mart Stores Inc. , the world’s largest retailer, plans to buy Massmart Holdings Ltd. in a transaction worth about $4.6 billion, entering Africa in its biggest deal in more than a decade.

U.K. Retail Sales Plunge Most in 16 Years as Inflation Squeezes Households

U.K. retail sales dropped by a record in March as accelerating inflation squeezed households’ finances and concerns about employment prompted consumers to cut back, the British Retail Consortium said.

Wal-Mart's Asda Buys Netto in U.K. for $1.13 Billion

Wal-Mart Stores Inc.’s Asda Group Ltd. agreed to buy Netto’s 193 U.K. discount supermarkets for 778 million pounds ($1.13 billion) as it fights to retain its No. 2 position in Britain’s food retailing market.

Wal-Mart's Asda Names Clarke to Succeed Bond as Chief Executive Officer

Wal-Mart Stores Inc.’s U.K. supermarket chain Asda said Chief Operating Officer Andy Clarke will succeed Andy Bond as chief executive officer.

"What we are not going to do is to manage the rest of sub- Saharan Africa from the U.K. or Bentonville or whatever."

- Andy Bond on Nov 29, 2010

South Africa

London

Africa

Japan GDP Jumps Most in Year as Consumers Open Wallets: Economy

James Bond’s Pinewood Turned Down on $300 Million Plan

Dollar Climbs Before Manufacturing, Jobs Reports; Aussie Weakens

Soros Joins Gold-Stake Cuts Before Bear Market Drop

European Stocks Little Changed Near Highest Since 2008