Walmart looks to scale back in UK, Brazil with an eye on India

Walmart is in advanced discussions to buy a majority stake in Flipkart

The world’s biggest retailer has concluded it can’t take on the whole world by itself.

Walmart Inc. is in discussions to give up control over hundreds of stores in the UK and Brazil, two big markets where it has struggled for years, according to people familiar with the talks. At the same time, it is preparing to pour billions of dollars into an Indian e-commerce startup to crack a promising market that has long eluded the US giant.

After spending decades building stores around the globe and taking on local players, Walmart is forming joint ventures in competitive markets and focusing investments