The manner in which most corporations in this modern day and age are owned and operated involves most of the ownership being concentrated among a few key individuals. For example, while Walmart is technically a public company, most of the shares are still owned by the Walton family and that’s how most other corporations are organized as well at any given point in time. However, there have been many calls for a change to this structure, and a big part of the reason why that is the case has to do with the fact that it concentrates a disproportionate amount of power with a tiny group which often results in workers not being given a fair enough slice of the pie in some way, shape or form.
This is where a company like Publix is making a lot of waves recently. This company is a retailer with over 800 locations in the state of Florida which is its home state, as well as hundreds of others that are located in various different states around the country. The thing that makes Publix so unique is that it isn’t just owned by the Jenkins family that started it but rather every single employee that uses a Publix Oasis schedule to ascertain their daily duties has an ownership stake in the company as well.
To answer your question, no Publix is not in fact owned by Walmart. Instead, it is one of the rare examples of companies that actually give their workers the kind of compensation that they deserve, and they have clearly shown that this kind of business model isn’t just sustainable but rather it is enormously profitable to a pretty huge extent.