15 Surprisingly Large Companies Owned By Walmart (2022)
Walmart is one of the five largest companies in the world that owns a significant number of other companies, some of which are well-known subsidiaries and others that you might find surprising.
Below are 15 of Walmart’s largest subsidiaries from all over the world, and they all serve a different function for the super-sized organization that is Walmart. Every company brings a different dimension to Walmart’s ever-growing business.
Walmart is spending a lot of money and energy on its need to compete with the lucrative Amazon model. From fashion to global expansion, Walmart is an always hungry machine, working towards competing in a new market against a shadowy opponent.
We get that Walmart is huge. It’s massive. Up next, we have ten of the most well-known companies that Walmart owns, and chances are you’ve heard of most of them.
Hayneedle is an online furniture site that is well known for its cheap but stylish furniture options. It was a site I visited many times. My dream of a classic, affordable remodel of all my rooms never came true.
Walmart bought Hayneedle on 16 June 2016 with the hope that it would give them access to online shopping.
Walmart acquired Jet.com, a website similar in nature to Hayneedle. It was purchased for 3.3Billion USD.
Walmart believed that they would be able to directly compete with Amazon.com through this acquisition.
Now, just type Jet.com into the browser to go to Walmart.com. This is because the company has taken over the design and layout of the website but decided to keep the domain.
This African-based company was purchased in 2011 for 2.54 million dollars. Massmart is Africa’s 2nd-largest goods distributor and operates more than 420 stores selling general merchandise and liquor.
Massmart has many companies who specialize in selling discounted goods to African customers, including Massbuilders and Massdiscounters. This acquisition expanded Walmarts reach into the sub-Saharan continent.
Art.com offers affordable wall art, home decor and other products in a similar way to Hayneedle. In fact, it is the largest dealer of online art and home decor on the web.
Walmart made an unanticipated decision when it purchased Shoes.com in 2017. This site cost $9M and was intended to let Walmart offer items that Amazon had not yet sold at deep discounts.
Walmart acquired this company to expand their online presence and increase digital sales.
Bonobos is first on this list. This was Walmart’s move to include online fashion in their product line. Bonobos, a clothing website for men that sells affordable clothes with an expensive feel and modern style is Bonobos.
Walmart acquired the brand in 2017 for 310 millions dollars. The brand has been a great help to them on their endless quest to take on Amazon direct on a virtual battlefield.
Walmart did not just want to include men’s clothing in its growing fashion portfolio. Walmart acquired Bonobos in 2005 for $51 million. This gave them the opportunity to introduce a rugged, outdoory look to their fashion market.
Men and women who enjoy the outdoors may be surprised to learn that one of their favorite brands for preparing for camping, hiking, and other adventures is owned by Walmart.
Bare Necessities is able to offer elegant and sophisticated products at incredible prices. This shocked me, as I thought that these terms could also be used to describe purchases from Walmart.
Walmart once more hoped that Bare Necessities’ success online would help it to purchase in 2018, in order to strengthen its position relative to Amazon.
Walmart’s recent purchase of Eloquii (plus-sized fashion manufacturer) was one of their most notable ventures in the fashion industry.
Elonquii’s website has maintained its apparent independence, which is a departure from Jet.com. However, the decreased price points are possible only due to Elonquii’s relationship with Walmart.
Elonquii, which Walmart also spent $100 million to acquire it for its second attempt at bringing it to the same market as Amazon. It is yet to be seen whether it will prove to be worthwhile.
Walmart created Sam’s Club in 1983 to enable it to offer discount, large-volume shopping.
Just like Costco, BJ’s or Costco, you need to be a member of this exclusive club. This allows you to receive quantity discounts from the mega-superstore.
This is just the beginning! This list by no means encompasses all the companies owned by Walmart, nor does it explore all the reasons and purposes behind these acquisitions, but hopefully, it does demonstrate just how widespread Walmart’s reach is and how deeply it has penetrated into to many of our lives.
Here are five of the smaller, coming up we have five of the smaller, lesser-known companies that are owned by Walmart.
Aspectiva, the forward-thinking, most innovative buy in this category, is undoubtedly Aspectiva.
The Indian startup was founded in India and purchased by Walmart in 2019. Walmart hoped their tech design expertise and superior customer service would enable them to get ahead in both the online and in-person markets.
Walmart failed to reveal the amount of this Indian corporate gem but it’s clear that it has the potential for great value.
Amigo was an American grocery store chain that is located mainly in Puerto Rico. Walmart purchased it in 2002.
Walmart and Amigo were able to partner in this lucrative deal to increase their businesses outside the Super Walmart world. They also offered more products for customers at lower prices, similar to Super Walmart.
Flipkart has its headquarters in India. Their goal is to enhance the business experience for small entrepreneurs in India through the provision of wholesale goods at an affordable price from anywhere in the world.
Walmart hopes to use its Indian access to these products to increase its eCommerce presence.
Walmart acquired a controlling stock in Walmart for $16Billion in 2018, to aid their mission of expanding their digital presence.
Seiyu in Japan was the biggest supermarket chain. This acquisition made sense for Walmart.
Seiyu first opened its doors back in 1963. By then, it had built up a reputation with Japanese customers. Walmart partnered with Rakuten for online delivery and was able thus to take advantage of that strong reputation.
This is another grocery store, currently based mostly in Puerto Rico and Central America.
Walmart actually acquired Carhco as the largest grocery chain in the area in 2004. Carhco has been a valuable part of Walmart’s worldwide expansion. Walmart spent 2 billion on it.
Walmart related posts include statistics on Walmart, Walmart’s competive advantages, Walmart failing in Germany, Walmart’s meaning of the Walmart logo, and Walton Family wealth.
Sources:
Walmart is a company that owns the following:
Massmart Massmart has many brands in the area, such as CBW Builder’s Warehouse Makro, Makro, Game, Makro and Makro. In 1990, the company was formed and acquired six Makro shops. Walmart acquired a 51 percent controlling stake of the company in 2011 for a reported $2.54 billion.
What’s the other 50% of Walmart owned by?
Walton Family
Is Walmart a subsidiary?
Walmart is among the top five companies with the largest number of subsidiaries. There are some well-known ones, but there may be others you don’t know about. Walmart is the owner of both Hayneedle.com and Sam’s Club, a well-known warehouse shopping site.
Walmart Is Hayneedle Owned?
Hayneedle, an online furniture store that Walmart bought when it purchased Jet.com. April 25, 2020
.15 Surprisingly Large Companies Owned By Walmart (2022)