The managing director of discount retailer Netto’s international division has denied speculation that the retailer is bidding for Lidl’s Swedish operations.
Claus Juel-Jensen told just-food today (25 February) that it is “simply not true” that Netto is bidding for the Schwarz Group-owned chain.
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The denial follows reports a report in the Swedish press that Netto made an unsolicited bid for the discounter.
Earlier this week, Netto owner Dansk Supermarked recorded a modest rise in sales and earnings for 2010.
The company saw revenue rise to DKK59.2bn (US$20.5bn) during the 12 months to the end of December, up from DKK57.2bn booked for 2009. Profits at the unit also edged up, the retailer revealed, rising to DKK2.2bn from DKK2.1bn last year.
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