Asda to take over Netto in UK

http://news.bbc.co.uk/1/hi/business/10171193.stm

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Originally Posted by BBC News

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."

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Suppose that's the way to do it - just buy out the competition.

Although it is only a small competition. ASDA is the best supermarket imo.

i don't even know what netto was.

I can see them changing the brand into ASDA Direct or some kind of small brand designed to compete with Tesco, say-goodbye-to-low-prices-and-stuff you-didnt-know-you-needed-but-now-you've-seen-it-you-must-buy-it. :(

There's a netto where i live, hate it because it always stinks in there....... some nettos are nice though. Idno why they're doing this though :S :S

OMG THE NETTO JOKES WILL GO.

you live in netto in a cardboard box ;l

okay serious note:

I think it is a good deal, and I think Netto could have a good future with this.

Isnt Netto real popular in spain? We dont have them here but i think i remember them from spain, they were everywere

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Originally Posted by alexxxxx

i don't even know what netto was.

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o.O msgtoshort


Edited by Cosmic (Forum Moderator) Please do not post pointlessly, thanks.

just found out there isn't one in nottingham at all.

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Originally Posted by alexxxxx

just found out there isn't one in nottingham at all.

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I think there's one in Mansfield if you're desperate.

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Originally Posted by Jordy

I think there's one in Mansfield if you're desperate.

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i think i'll be alright

There goes the "Waitrose is now opening up more stores than Asda" statistic, if taking over stores is considered opening new "Asda" stores :P

Tesco will not be happy :P

One skanky shop takes over another - awesome.

you get skitted like hell around here if you go to Netto..

that means 2 asda's in my town then

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Originally Posted by ArronMUFC

you get skitted like hell around here if you go to Netto..

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Same here. Lidl, Aldi and Netto are VERY sketty round here.

Yay. More Asda ****e. I had a bone in my mince from there once. I don't see why the Supermarkets keep doing this, Co-op and Somerfield (all be it they are kind of the same ;)). Tbh I think they should just stop hogging all the market share. :L

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Originally Posted by ShazLouise

Same here. Lidl, Aldi and Netto are VERY sketty round here.

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We don't have that junk round here haha.

What's Netto?

Like Lidl but worse like being classed as a tramp because you shop there like if you shopped at Lidl? Or am I getting this wrong..

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Originally Posted by MikeyFusion

What's Netto?

Like Lidl but worse like being classed as a tramp because you shop there like if you shopped at Lidl? Or am I getting this wrong..

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Just the same, just depends which is nearby. Asda own brand food tastes like vomit (bakery, butchers) so I hope they don't take them over, Netto often have Coca Cola cheap.

Nothing will beat Asda. Even Tesco failed to beat Asda.

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Originally Posted by -:Undertaker:-

I can see them changing the brand into ASDA Direct or some kind of small brand designed to compete with Tesco, say-goodbye-to-low-prices-and-stuff you-didnt-know-you-needed-but-now-you've-seen-it-you-must-buy-it. :(

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Makes sense. There aren't really any small ASDA stores are there, just the big superstores. In the same distance as our ASDA, we've got a big main Tesco with petrol station and two of the small Tesco Extra or whatever they're called.

I wish Morrisons would **** off though, they've destroyed our prom and this little crap pool which used to have loads of swans to build a nice big huge eyesore. :@

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Originally Posted by Black_Apalachi

Makes sense. There aren't really any small ASDA stores are there, just the big superstores. In the same distance as our ASDA, we've got a big main Tesco with petrol station and two of the small Tesco Extra or whatever they're called.

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We went to Pontefract last week and found something called an ASDA Essentials. Just read Wikipedia on it and it says it was a co-op store before. I think that's the sort of thing they'll do with the Nettos, personally.

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Originally Posted by Wikipedia

Asda Essentials In April 2006, Asda launched a new format called 'Asda Essentials' in a former Co-op store in Northampton, followed by another in Pontefract a month later. This was modelled on the French Leaderprice[dead link] chain, with a smaller floorplate than Asda's mainstream stores. Essentials focuses primarily on own-brand products, only stocking branded items that are perceived to be at the "core" of a family's weekly shop. This style of retailing is an attempt to address competition from discount supermarkets such as Aldi, Lidl and Netto. On 6 December 2006 The Guardian newspaper reported that further planned store openings were under review following poor sales in the existing outlets. It was also revealed that the range of branded products has been expanded.[33] In early January 2007 it was announced that the initial trial Essentials store would close within a month after only 10 months of trading.[34]

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Oh dear. The ASDA invasion has begun.

Netto? Never heard of it.

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Originally Posted by FlyDuo

Netto? Never heard of it.

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cos ure not a skank m8

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Originally Posted by FlyDuo

Netto? Never heard of it.

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Have you never heard any Netto jokes?