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Walmart Inc.

public company · HQ United States

Ultimate parent. Walmart Inc. is a US-based public company (NYSE: WMT) and the ultimate parent of Walmart's Canadian operations. Its FY2025 Form 10-K Exhibit 21 (List of Significant Subsidiaries) lists 'Wal-Mart Canada Corp.' (jurisdiction: Canada) as 100% owned (operating under the business name 'Walmart'). [1][2]

Brands (1)

via Walmart Canada

Other holdings (11)

Businesses and brands these owners hold beyond grocery storefronts.

Food & beverage

  • Sam's Club Wholesale & distribution — Walmart's membership-only warehouse club division, founded 1983; one of Walmart's three reportable segments, operating 600+ U.S. clubs. [3][4]

Non-food & other

  • Bonobos Apparel — Menswear brand acquired by Walmart in 2017 for $310M; divested in 2023 to WHP Global and Express for $75M. [5][6]
  • Moosejaw Apparel — Outdoor gear and apparel retailer acquired by Walmart in 2017 (~$51M); sold to Dick's Sporting Goods in 2023. [5][6]
  • Flipkart E-commerce — Indian e-commerce group; Walmart acquired a majority stake in 2018 (~$16B) and held roughly 80% ownership as of 2023. [7][8]
  • PhonePe Financial services — India's largest digital-payments and fintech platform; Walmart is the majority shareholder following PhonePe's full separation from Flipkart in December 2022. [8][9]
  • Walmart Health Health — Walmart's in-store primary-care clinics and virtual care service (launched 2019); Walmart announced in April 2024 it was closing all 51 centers and shutting Walmart Health Virtual Care. [10][11]
  • Walmart+ Loyalty — Paid membership/subscription program launched September 2020 ($98/year), offering free delivery, fuel discounts and Scan & Go. [12]
  • Walmart Connect Media & advertising — Walmart's retail media (advertising) network, letting brands advertise across Walmart's online, in-store and offsite channels. [13]
  • Walmart International Other — Walmart's reportable segment for retail operations outside the U.S., spanning roughly 18 countries (the Canadian grocery banners sit within this segment). [4][14]
  • Walmart U.S. Other — Walmart's largest reportable segment, covering its U.S. discount stores, supercenters and eCommerce operations. [4][14]
  • Vizio Technology — U.S. smart-TV and connected-TV advertising company (SmartCast OS); acquired by Walmart for about $2.3B, deal closed December 2024. [15][16]

Sources

  1. Form 10-K, Exhibit 21 - List of Significant Subsidiaries (FY2025) — Walmart Inc. / U.S. Securities and Exchange Commission
  2. Walmart in Canada — Walmart Inc. (corporate.walmart.com)
  3. Sam's Club Company & Leadership — Walmart Inc.
  4. About Walmart — Walmart Inc.
  5. Walmart just sold its Bonobos menswear line for about 75% less than what it paid — Fortune
  6. Walmart sells Bonobos to WHP Global and Express; Moosejaw sold to Dick's Sporting Goods — CNBC
  7. Walmart has spent $3.5 billion this year to increase stake in Flipkart — TechCrunch
  8. Flipkart completes full separation of PhonePe — PhonePe
  9. PhonePe ownership and Flipkart separation (search results) — Business Standard / TechCrunch
  10. Walmart Health Is Closing — Walmart Inc.
  11. Walmart to close 51 clinics as it shutters its entire Walmart Health division — NBC News
  12. Walmart Introduces Walmart+ — Walmart Inc.
  13. About Walmart Connect: Walmart's Retail Media Network — Walmart Connect (Walmart Inc.)
  14. Walmart three operating segments (Walmart U.S., Walmart International, Sam's Club U.S.) fiscal 2025 — Walmart Inc. / SEC EDGAR (FY2025 filings)
  15. Walmart Completes Acquisition of VIZIO — Walmart Inc.
  16. Walmart completes $2.3 billion acquisition of Vizio — TechCrunch