Netto is coming back to the UK.
But what happened to the stores they sold to Asda in 2010?
Netto had 193 stores in the UK. Asda bought them for £779 million. But half a year later Asda had to sell 47 of them to resolve competition concerns.
Asda rebranded their remaining stores to Asda Supermarket and the one in Sheffield is now a successful new high street format for Click and collect.
But The Grocer has also looked into what happened to the 47 stores.
Haldanes was the biggest buyer and opened 20 stores as a new discount chain called Ugo Stores. They opened in May 2011 – and in June Haldanes fell into administration. Ugo was bought out of administration in February 2012 by Poundstretcher,
Morrisons bought 16 stores for £28,1 million and then two more in the start of 2011. They were quickly converted to Morrison’s, faster than Asda managed, and re-opened in May 2011.
Iceland and The Co-operative group bought three each. Co-op did not buy until July 2011, among them a store in Birtley, Durham, which was a controversial store for Asda, The Grocery tells.
The Office of Fair Trading received a 600-signature petition asking them to alllow Asda to keep the store.