An interesting deal which will give ASDA smaller stores in the community.
http://www.guardian.co.uk/business/2...sda-buys-netto
Quote:
Supermarket group ASDA is paying £778m to take control of the Netto discount grocery chain in an aggressive bid to close the gap with market leader Tesco.
The UK's second biggest grocer, which is part of the Wal-Mart global retail empire, is buying 193 stores – subject to getting the go-ahead from the Office of Fair Trading competition watchdog. The purchase price is the equivalent of £4m for each Netto outlet.
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