Walmart

==== India ====
[[File:Best Price Modern Wholesale, Hyderabad, India(10 Aug 2019).jpg|thumb|A Best Price Modern Wholesale store in [[Hyderabad]]]]
<!-- Courtesy note per [[MOS:LINK2SECT]]: [[India walmart]], [[Walmart (India)]] and others redirect here -->
In November 2006, the company announced a joint venture with [[Bharti Enterprises]] to operate in India. As foreign corporations were not allowed to enter the retail sector directly, Walmart operated through franchises and handled the wholesale end of the business.<ref name="walmartindia">Giridharadas A., Rai S. [https://www.nytimes.com/2006/11/27/business/worldbusiness/27cnd-walmart.html "Walmart to Open Hundreds of Stores in India"] {{webarchive|url=https://web.archive.org/web/20170701110549/http://www.nytimes.com/2006/11/27/business/worldbusiness/27cnd-walmart.html |date=July 1, 2017 }}. ''The New York Times''. November 27, 2006. Retrieved November 27, 2006.</ref> The partnership involved two joint ventures—Bharti manages the front end, involving opening of retail outlets while Walmart takes care of the back end, such as [[cold chain]]s and logistics. Walmart operates stores in India under the name Best Price Modern Wholesale.<ref name="Mathew 13">{{cite news |title = Wal-Mart to run India wholesale business single-handedly |last1 = Mathew |first1 = Jerin |url = http://www.ibtimes.co.uk/wal-mart-bharti-india-retail-fdi-reforms-512464 |newspaper = [[International Business Times]] |date = October 9, 2013 |access-date = February 28, 2016 |url-status=live |archive-url = https://web.archive.org/web/20160306222500/http://www.ibtimes.co.uk/wal-mart-bharti-india-retail-fdi-reforms-512464 |archive-date = March 6, 2016}}</ref> The first store opened in [[Amritsar]] on May 30, 2009. On September 14, 2012, the Government of India approved 51 percent FDI in multi-brand retails, subject to approval by individual states, effective September 20, 2012.<ref>{{cite news |title = Govt allows FDI in multi-brand retail, aviation |url = http://timesofindia.indiatimes.com/business/india-business/Govt-allows-FDI-in-multi-brand-retail-aviation/articleshow/16397960.cms |date = September 14, 2012 |agency = Reuters |archive-url = https://web.archive.org/web/20120915090846/http://timesofindia.indiatimes.com/business/india-business/Govt-allows-FDI-in-multi-brand-retail-aviation/articleshow/16397960.cms |archive-date = September 15, 2012 |work = The Times of India |url-status=dead }}</ref><ref>{{cite web |title = Department of Industrial Policy & Promotion (FC-I Section), Press Note No.5 (2012 Series) – multi brand retail |publisher = Ministry of Commerce & Industry, Government of India |date = September 20, 2012 |url = http://dipp.nic.in/English/acts_rules/Press_Notes/pn5_2012.pdf |url-status=dead |archive-url = https://web.archive.org/web/20160222062405/http://dipp.nic.in/english/acts_rules/Press_Notes/pn5_2012.pdf |archive-date = February 22, 2016}}</ref> Scott Price, Walmart's president and CEO for Asia, told ''[[The Wall Street Journal]]'' that the company would be able to start opening Walmart stores in India within two years.<ref>{{cite news |url = http://timesofindia.indiatimes.com/business/india-business/Walmart-hopes-to-open-first-India-store-in-18-months-Report/articleshow/16488898.cms |title = Walmart hopes to open first India store in 18 months: Report |work = The Times of India |date = September 21, 2012 |access-date = September 27, 2014 |url-status=live |archive-url = https://web.archive.org/web/20150226212215/http://timesofindia.indiatimes.com/business/india-business/Walmart-hopes-to-open-first-India-store-in-18-months-Report/articleshow/16488898.cms |archive-date = February 26, 2015}}</ref> Expansion into India faced some significant problems. In November 2012, Walmart admitted to spending {{US$|25&nbsp;million}} lobbying the [[Indian National Congress]];<ref name="indiatimes">{{cite news |title = Probe Walmart 'bribe', says opposition |url = http://articles.timesofindia.indiatimes.com/2012-12-11/india/35748837_1_bharti-walmart-indian-market-fdi |archive-url = https://web.archive.org/web/20130117025430/http://articles.timesofindia.indiatimes.com/2012-12-11/india/35748837_1_bharti-walmart-indian-market-fdi |url-status = dead |archive-date = January 17, 2013 |newspaper = [[The Times of India]] |date = December 11, 2012 }}</ref> lobbying is conventionally considered bribery in India.<ref name="BBCnewsUS">{{cite news |title = US defends Walmart India lobbying |url = https://www.bbc.co.uk/news/world-asia-india-20674717 |access-date = December 28, 2012 |publisher = BBC News India |date = December 11, 2012 |url-status=live |archive-url = https://web.archive.org/web/20121214073534/http://www.bbc.co.uk/news/world-asia-india-20674717 |archive-date = December 14, 2012}}</ref> Walmart is conducting an internal investigation into potential violations of the [[Foreign Corrupt Practices Act]].<ref name="NYTinquiry">{{cite news |last1 = Clifford |first1 = Stephanie |last2 = Barstow |first2 = David |title = Walmart Inquiry Reflects Alarm on Corruption |url = https://www.nytimes.com/2012/11/16/business/Walmart-expands-foreign-bribery-investigation.html |access-date = December 28, 2012 |work = The New York Times |date = November 15, 2012 |archive-date = July 29, 2020 |archive-url = https://web.archive.org/web/20200729162555/https://www.nytimes.com/2012/11/16/business/Walmart-expands-foreign-bribery-investigation.html |url-status = live }}</ref> Bharti Walmart suspended a number of employees, rumored to include its CFO and legal team, to ensure "a complete and thorough investigation".<ref name="NYTIndianBribery">{{cite news |last = Bajaj |first = Vikas |title = India Unit of Walmart Suspends Employees |url = https://www.nytimes.com/2012/11/24/business/global/Walmarts-india-venture-suspends-executives-as-part-of-bribery-inquiry.html |access-date = December 28, 2012 |newspaper = The New York Times |date = November 23, 2012 |archive-date = July 29, 2020 |archive-url = https://web.archive.org/web/20200729171405/https://www.nytimes.com/2012/11/24/business/global/Walmarts-india-venture-suspends-executives-as-part-of-bribery-inquiry.html |url-status = live }}</ref> In October 2013, Bharti and Walmart separated to pursue business independently.<ref name="Times of India">{{cite news |title = Bharti, Wal-Mart end joint venture |url = http://timesofindia.indiatimes.com/business/india-business/Bharti-Wal-Mart-end-joint-venture/articleshow/23848813.cms |date = October 10, 2013 |url-status=live |archive-url = https://web.archive.org/web/20161210181157/http://timesofindia.indiatimes.com/business/india-business/Bharti-Wal-Mart-end-joint-venture/articleshow/23848813.cms |archive-date = December 10, 2016}}</ref>

On May 9, 2018, Walmart announced its intent to acquire a 77% majority stake in the Indian e-commerce company [[Flipkart]] for $16&nbsp;billion, in a deal that was completed on August 18, 2018.<ref>{{Cite news|url=https://www.wsj.com/articles/walmart-bets-15-billion-on-an-e-commerce-passage-to-india-1525690804|title=Walmart Bets $15 Billion on an E-Commerce Passage to India|last1=Purnell|first1=Newley|date=May 7, 2018|work=The Wall Street Journal|access-date=May 7, 2018|last2=Bellman|first2=Eric|issn=0099-9660|last3=Abrams|first3=Corinne|archive-date=November 9, 2020|archive-url=https://web.archive.org/web/20201109031102/https://www.wsj.com/articles/walmart-bets-15-billion-on-an-e-commerce-passage-to-india-1525690804|url-status=live}}</ref><ref>{{Cite web|url=https://www.moneycontrol.com/news/business/economy/walmart-expects-to-close-flipkart-deal-by-the-end-of-2018-2583161.html|title=Walmart expects to close Flipkart deal by the end of 2018|website=Moneycontrol|date=June 5, 2018|access-date=June 6, 2018|archive-date=October 28, 2020|archive-url=https://web.archive.org/web/20201028155507/https://www.moneycontrol.com/news/business/economy/walmart-expects-to-close-flipkart-deal-by-the-end-of-2018-2583161.html|url-status=live}}</ref><ref>{{cite news |title=Walmart completes deal to acquire 77% stake in Flipkart, to invest $2 billion – Times of India |url=https://timesofindia.indiatimes.com/business/india-business/walmart-completes-deal-to-acquire-77-stake-in-flipkart-to-invest-2-billion/articleshow/65454382.cms |website=The Times of India |date=August 18, 2018 |access-date=August 30, 2018 |archive-date=November 9, 2020 |archive-url=https://web.archive.org/web/20201109020318/https://timesofindia.indiatimes.com/business/india-business/walmart-completes-deal-to-acquire-77-stake-in-flipkart-to-invest-2-billion/articleshow/65454382.cms |url-status=live }}</ref> {{As of|2022|10|31|df=US|post=,}} there are 28 Best Price Modern Wholesale locations.<ref name="Unit Counts & Square Footage"/><ref name="Unit Counts by Country"/>