| BUSINESSWEEK ONLINE : JUNE 28, 1999 ISSUE | ||||||||
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| INTERNATIONAL BUSINESS
Wal-Mart's March into Europe 1997 Purchases 21-store German hypermarket chain Wertkauf for $880 million. International sales reach $5 billion.* 1998 Buys second German chain, 74-store Spar Handels. International sales grow to $7.5 billion.* 1999 Bids $10.7 billion on June 14 for Asda Group, Britain's third-largest food retailer, with 229 stores. Asda will add $13.1 billion to Wal-Mart's international sales of $12.2 billion.* *FISCAL YEAR ENDING JAN. 31 DATA: BUSINESS WEEK _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ |
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