Word: wertkauf
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Dates: during 2001-2001
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...world's biggest retailer entered the European market in December 1997 when it bought Germany's Wertkauf chain of hypermarkets. Thirteen months later, it picked up a second German chain, Interspar. In June 1999 it paid $10.8 billion for Asda, Britain's No. 3 supermarket chain. Expectations were high that Wal-Mart would quickly become a major European presence by leveraging its super-efficient sales techniques, high-tech inventory-tracking systems and global sourcing prowess...
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