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

Richard Hemming MW: beware inverse snobbery

Few things can bring communal pleasure so intimately as wine. Apart from a hot tub, perhaps. Sport can trigger mass jubilation, film gives us shared empathy, but wine has a nigh-unique ability to bestow conviviality among us through a shared bottle – which makes it especially galling that we spend so much time divided over it.

Click for more »
Upcoming events

Polls

Is blended Scotch overshadowed by single malt in retailers?

  • Yes
  • No
  • Don't know

Facebook

Twitter