LONDON -- There's a new No. 2.
SN's third annual list of the world's largest food retailers shows the industry continues to consolidate on a global scale.
The list is still headed by Wal-Mart Stores, which last year took part in the trend by snapping up Asda of the United Kingdom for $10.8 billion. But Wal-Mart now faces a more potent international challenger as a result of the $16.7 billion purchase of Promodes SA by its fellow French retailer, Carrefour SA.