UK: Asda announces £450m investment during 2001, and 5,000 new jobs
The supermarket chain Asda , subsidiary of US giant Wal-Mart and recent (disputed) winner of the number two spot in the UK retailing sector, today (3 January) revealed plans to build a further 13 stores during 2001. The store development investment, which includes two re-builds in Coventry and Scotland and two re-sitings in Cwmbran and Peterlee, is expected to cost the group £450m. The venture will also provide the UK with 5,000 new jobs.
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