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.”




Bookmark this


Site Search

COMMENT

Faith in fakes

One of the most fascinating stories in wine, fit to stand alongside the Judgement of Paris, is that of Rudy Kurniawan, a man who managed to fool friends, auction houses and experts into believing they were drinking some of the world’s most expensive wines.

Click for more »
Upcoming events

Polls

Is blended Scotch overshadowed by single malt in retailers?

  • Yes
  • No
  • Don't know

Facebook

Twitter