Asda to buy Netto

The OFT has approved Asda's purchase of budget supermarket chain Netto.
Author:
Publish date:
Social count:
0
1856_mypictr_300x300(2).jpg

The Office of Fair Trading has said that the supermarket giant can acquire Netto from owner Dansk - however, it must sell 47 of the existing 195 outlets.

The conversion of Netto stores is expected to be complete by summer 2011, with Asda having already begun discussions with potential buyers for the sites it needs to offload.

The remaining stores will be rebranded as Asda Supermarket.

The number of items on sale in the outlets will apparently rise from an average of 1,800 to around 10,000, with larger stores stocking up to 12,000, according to Asda.

Related

Featured Jobs

Vivid Job Logo 620 x 349

Digital Marketing Executive - Toys & Games

Vivid is Britain’s biggest toy company and the 20 largest in the world. With offices across the globe, they sell an amazing portfolio of toys and games to over 60 countries. Vivid is best known for its association with blockbuster brands and is very excited about future opportunities around the world.

Liberty

UK Sales Agents

Liberty House Toys have been appointed as the exclusive UK distributor for the BiOBUDDi brand, and we are pleased to introduce this new unique, innovative and exciting range of 100% environmentally-friendly toy building blocks. We are seeking experienced sales agents with existing network in the toy retail market.

Gameplan Job Logo 620 x 349

Head of Product Development & Marketing

Our client is a privately owned French toy and games manufacturer which sells through distributors in forty countries. The company develops and sells innovative electronic interactive toys and games for the educational and gaming markets, and also takes suitable licenses. To progress its successful business development a Head of Product Development & Marketing is to to recruited.

HIT Entertainment Job Logo 620 x 349

Licensing Systems Administrator

The Contract System Coordinator is a newly created role to support the deal term entry process into Mattel’s new Contract Management System for its Licensing business. The role will support the Business Teams at the Deal & Amendment phase of the contracting process and act in conjunction with the System Administration team.