Asda to buy Netto's UK shops

27 May, 2010

Asda is to significantly expand its position in small-format grocery retailing with a deal to buy the British Netto stores of Danish retail group Dansk Supermarked for £778 million.

All Netto branches will be converted to Asda fascias and be integrated into its supermarkets division for shops of under 25,000 sq ft.

Asda said it expected the deal to be completed this summer and for stores to be converted to the Asda format by the middle of next year.

Netto was founded in the UK in 1990 and has 193 branches with an average sales area of 8,000 sq ft.

Claus Juel-Jensen, managing director of Netto, said Asda was “the ideal purchaser of our UK business”.

Netto will focus its energies on growth in Scandinavia, Germany and Poland.

Asda chef executive Andy Clarke said: “Customers will benefit from low prices on a significantly broader range of quality products, complemented by the wide range of services we offer in our smaller stores.”




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The judges met last week to sort out the winners in the independent categories of our 2018 Drinks Retailing Awards. The results are top secret until the awards dinner on February 6 but it’s giving nothing away to report that the overall standard of those that will be revealed in the shortlist of finalists in the January issue of DRN is higher than it’s ever been.

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