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Salling Group
- Netto is owned by Salling Group.
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History. Denmark. A Netto store at Lygten, in Copenhagen. The first Netto store opened in Copenhagen, Denmark, in 1981. [1] . Initially items for sale sat in boxes and on pallets, but the chain quickly expanded and the service level increased.
Jun 20, 2014 · Six stores were bought by Iceland (in January 2011) and The Co-operative Group (in July 2011), who bought three each for an undisclosed sum. Among the trio bought by The Co-op was the most controversial Netto store in the Asda sell-off – in Birtley, Durham.
Nov 21, 2020 · Netto was sold to Asda in 2010, but in 2014 it was Sainsbury's who teamed up with the Danish retailer Dansk Supermarked Group (DSG) to bring Netto back to the UK. It trialled 16 stores across...
- Catherine Murphy
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.
May 27, 2010 · Thu 27 May 2010 08.13 EDT. The supermarket group Asda is paying £778m to take over the Netto discount grocery chain in an aggressive bid to close the gap with the market leader, Tesco.
The company reached its 1000th store in 2004, then aggressively expanded to the 4000th store in 2009, making it the largest discounter in Germany. History. The company was founded by Michael Schels in Regensburg in 1928 as a food wholesaler.
Netto disappeared from the UK high street in 2010 after it was bought by Asda, but the Walmart-owned business only bought Netto stores, rather than the brand name, allowing the parent company ...
