Walmart sells 80% of its Brazilian operation to Advent Intl, will record $4.5B loss as a result

Walmart’s ongoing push to cut away unprofitable or slow-growing international operations, to shore up its resources to compete against Amazon at home and in Asia on digital fronts, had another development today. The world’s largest retailer today announced that it has finalised a deal to sell 80 percent of its business in Brazil to private […]