Asda to take over Netto stores in UK

Asda smaller-format store in Pontefract Asda hopes to add the Netto shops to its small stores portfolio

Related Stories

Supermarket giant Asda has announced plans to buy the UK stores of Danish discount retailer Netto for £778m.

Asda said that, pending approval from the Office of Fair Trading, it hoped to finalise the deal later in the summer.

Netto has 193 stores in the UK which will continue to trade under the Netto name for the time being but will come under the Asda brand by mid-2011.

Asda plans to integrate the stores into its new supermarkets division for shops smaller than 25,000 square feet.

Netto, currently owned by Dansk Supermarked, has operated in the UK since 1990.

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

Dansk Supermarked chief executive Erling Jensen said in a statement: "We have substantial opportunities for growth in Scandinavia and Northern Europe and believe that the time has come to focus our efforts on the development of our business in these countries."

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Business stories



  • Bad resultsBlame game

    The best excuses to use when exam results don't make the grade

  • Police respond to a shooting in Santa MonicaTrigger decision

    What really happens before a police officer fires his gun?

  • Child injured by what activists say were two air strikes in the north-eastern Damascus suburb of Douma (3 August 2014)'No-one cares'

    Hope fades for Syrians one year after chemical attack

  • Lady AlbaGoing Gaga Watch

    Social media's use ahead of the independence referendum

  • Pro Israel activists hold a banner reading 'Against Anti-Semitism and hate of Israel' at a demonstration as part of Quds Day in Berlin, Germany, 25 July 2014'Rising tide'

    Do statistics support claims that anti-Semitism is increasing?

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.