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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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
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
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
Plans to change Netto store into new Asda put on hold until new year - This is Scunthorpe
PLANS to covert the Netto store in Scunthorpe's Station Road into a new Asda outlet have been put on hold until the new year following an investigation by the Office Of Fair Trading (OFT). At this stage it is also unclear whether the changeover will actually t
Source: www.thisisscunthorpe.co.uk
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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
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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Asda must sell stores in Netto buy-out - This is Money
Asda must sell a quarter of Netto's UK stores in order to gain clearance for its £778m acquisition of the discount chain after competition concerns. The retailer, owned by US group Wal-Mart, agreed a deal in May to buy 194 Netto stores, which it plans to conv
Source: www.thisismoney.co.uk
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