Asda owners make moves on South Africa’s Massmart - Discountvouchers.co.uk (Cotehill SUPERMARKETS)

Asda owners make moves on South Africa’s Massmart - Discountvouchers.co.uk
Asda owner Wal-Mart has made tentative moves towards purchasing South Africa’s leading home improvement and general merchandising retailer, Massmart Holdings Limited. The group is currently the continent’s third largest consumer goods distributer, and owns
Source: www.discountvouchers.co.uk

UPDATE 1-Asda to sell 47 Netto stores to appease watchdog - Reuters
LONDON, Sept 23 (Reuters) - Asda, the British arm of U.S. retailer Wal-Mart ( WMT.N ), needs to find a buyer for almost a quarter of the stores it wants to acquire from discounter Netto in order to win over competition regulators. Britain's consumer affairs wa
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OFT orders Asda to dispose of 25pc of its Netto stores - Daily Telegraph
The OFT on Thursday gave Asda the green light for the £778m deal on the condition that it sells 47 of the 194 Netto stores it purchased. The figure is significantly higher than observers expected. Clive Black, a retail analyst at broker Shore Capital, had exp
Source: www.telegraph.co.uk

Asda's Netto checkout creates 1,000 jobs but Yorkshire HQ to close - yorkshirepost
ASDA must sell a quarter of Netto's UK stores in order to gain clearance for its £778 million acquisition of the discount chain, it emerged today. The Leeds-based retailer, which is owned by US group Wal-Mart, agreed a deal in May to buy 194 Netto stores, whi
Source: www.yorkshirepost.co.uk

OFT tells Asda to sell 47 Netto stores - Financial Times
The Office of Fair Trading is demanding that Asda sell 47 Netto stores to appease competition concerns, a higher level of disposals than the UK arm of Walmart had expected when it struck the £778m deal to buy the discount food retailer. The OFT said the dispo
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Tesco, Asda, Cut U.K. Food, Packing Waste by 1.2 Million Tons - BusinessWeek
Sept. 23 (Bloomberg) -- Tesco Plc, Wal-Mart Stores Inc.’s Asda unit, J Sainsbury Plc and 39 more retailers and foodmakers reduced U.K. food and packaging waste by 1.2 million tons in 2005 to 2009, a government-funded trash-reduction group said. About 670,000
Source: www.businessweek.com

Asda and News International broker Sunday Times deal - Brand Republic
Last week, Asda decided not to stock the Sunday Times after its parent company News International (NI) changed the terms of how much the supermarket is remunerated on individual copies sold. NI had made the changes after lifting the cover price of the newspape
Source: www.brandrepublic.com