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Netto UK
Netto was a discount supermarket chain in the United Kingdom. Netto arrived in the United Kingdom in December 1990, as part of an internationalisation process by its Danish owner, Salling Group. By May 2010, it operated 193 stores, before it was sold to Asda. In June 2014, Salling Group returned Netto to the United Kingdom, as a 50:50 joint venture with Sainsbury's.
In July 2016, the two companies announced they would end the joint venture, and close all of its stores, after Sainsbury's chose to focus on its main business ahead of any further investment.
Netto began operating in England in Leeds, on 13 December 1990, with the company's United Kingdom headquarters being in the town of South Elmsall, West Yorkshire.
Netto primarily expanded in central England, before moving into Southern England, namely London. In January 2005, plans for a £200 million investment in South Wales were announced, but were cancelled for logistical issues, resulting in the sale of stores in Barry and Caerphilly. 1,700 jobs were promised in the expansion, but only a few were created.
By May 2010, there were 193 stores in the United Kingdom, all in England and Wales.
In May 2010, Netto UK was bought by Asda for £778 million, to increase its smaller store portfolio. The rebranding of 147 former Netto stores, under the Asda brand was complete by 29 November 2011. Competition laws required Asda to sell the remaining forty seven stores to other companies, such as Morrisons, the convenience store Ugo, and other retailers.
In June 2014, Salling Group announced a 50:50 joint venture, to operate supermarkets with Sainsbury's. The stores were to be between 10,000 square feet (900 m2) and 15,000 square feet (1,400 m2) in size. Netto opened the first new store in Moor Allerton, Leeds, on 6 November 2014, followed by stores in Sheffield Kilner Way Retail Park, Manchester Heaton Park, Doncaster Edenthorpe and Ormskirk The Hattersley Centre.
On 13 April 2015, it was announced that The Co-operative Food store in Hedon, East Yorkshire, would become the sixth Netto store to launch, following the sale of the existing store.
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Netto UK
Netto was a discount supermarket chain in the United Kingdom. Netto arrived in the United Kingdom in December 1990, as part of an internationalisation process by its Danish owner, Salling Group. By May 2010, it operated 193 stores, before it was sold to Asda. In June 2014, Salling Group returned Netto to the United Kingdom, as a 50:50 joint venture with Sainsbury's.
In July 2016, the two companies announced they would end the joint venture, and close all of its stores, after Sainsbury's chose to focus on its main business ahead of any further investment.
Netto began operating in England in Leeds, on 13 December 1990, with the company's United Kingdom headquarters being in the town of South Elmsall, West Yorkshire.
Netto primarily expanded in central England, before moving into Southern England, namely London. In January 2005, plans for a £200 million investment in South Wales were announced, but were cancelled for logistical issues, resulting in the sale of stores in Barry and Caerphilly. 1,700 jobs were promised in the expansion, but only a few were created.
By May 2010, there were 193 stores in the United Kingdom, all in England and Wales.
In May 2010, Netto UK was bought by Asda for £778 million, to increase its smaller store portfolio. The rebranding of 147 former Netto stores, under the Asda brand was complete by 29 November 2011. Competition laws required Asda to sell the remaining forty seven stores to other companies, such as Morrisons, the convenience store Ugo, and other retailers.
In June 2014, Salling Group announced a 50:50 joint venture, to operate supermarkets with Sainsbury's. The stores were to be between 10,000 square feet (900 m2) and 15,000 square feet (1,400 m2) in size. Netto opened the first new store in Moor Allerton, Leeds, on 6 November 2014, followed by stores in Sheffield Kilner Way Retail Park, Manchester Heaton Park, Doncaster Edenthorpe and Ormskirk The Hattersley Centre.
On 13 April 2015, it was announced that The Co-operative Food store in Hedon, East Yorkshire, would become the sixth Netto store to launch, following the sale of the existing store.