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UPDATE: UK: Morrisons to acquire 16 Netto outlets

12 Jan 2011

Morrisons announced today (12 January) that it has agreed to buy 16 former Netto stores from rival UK retailer Asda for GBP28.1m.

UK: Asda sells 39 Netto outlets

12 Jan 2011

Asda announced today (12 January) that it has completed the latest regulatory hurdle in its plans to acquire Netto's UK stores.

The just-food management briefing - M&A in 2010 - a year in review

20 Dec 2010

Kraft Foods' move to buy Cadbury in January failed to spark a burst of M&A activity in the food industry, as economic conditions continued to dampen attitude to risk. As the year progressed, however, and confidence returned, the pace of acquisitions picked up. But as Dean Best reports, the nature and rationale behind the deals has altered significantly.

The just-food management briefing - M&A in 2010 - a timeline

20 Dec 2010

There have been over 640 stories in just-food's M&A section since April this year covering everything from industry-changing mergers to bolt on acquisitions and brand disposals. This section to the briefing tracks the major moves through the year by looking at all the deals that were put under scrutiny in our insights section.

UK: Dansk fills Netto managing director role

23 Nov 2010

Dansk Supermarked Group announced today (23 November) it has promoted William Smith to managing director of its UK discount retailer Netto Foodstores.

UK: Asda to create 7,500 jobs

16 Nov 2010

UK retailer Asda plans to create 7,500 jobs in 2011 through a combination of new stores, expansion projects and Netto conversions.

UK: Netto managing director resigns

12 Nov 2010

Netto has confirmed that the managing director of its UK operations, Charles Kay, has resigned from the company.

DENMARK: Dansk Supermarked net profit up 2%

11 Nov 2010

Dansk Supermarked has reported a 2% increase in net profit for the first nine months of 2010.

Talking shop: Tim Hurrell, The Co-operative Group

15 Oct 2010

The Co-operative Group accounted for a quarter of the UK grocery retail market in the 1960s. By 2008, its share had fallen to 5%. However, the Co-op's purchase of the Somerfield chain two years ago has sparked its renaissance and Tim Hurrell, the head of the company's food retail arm, spoke with Petah Marian about the integration, Fairtrade and how the company is rising again.

On the money: Sainsbury's CEO talks up space growth

6 Oct 2010

Sainsbury's chief executive Justin King said today (6 October) that the UK's retailer new space was performing "ahead of expectations" as the business pushes ahead with plans to add 2.5m square feet of space by the end of next year.

Editor's choice: highlights on just-food this week

24 Sep 2010

A slew of stories about UK private label and the latest developments in stevia, the low-calorie sweetener, demanded analysis this week, while we shone the spotlight on two US firms reporting their latest results - ConAgra Foods and General Mills. The week's M&A whispers centred around snack brand Pringles and commodity traders Louis Dreyfus and Olam International.

Quote, unquote: just-food's week in words

24 Sep 2010

This week has been firmly focused on private label relaunches, with Asda, Ocado and Sainsbury's all relaunching various aspects of their own-label ranges. The war of words between Casey's and Couche-Tard may calm a little bit this week as Casey's slate of board nominees were reinstated on the convenience operator's board. Here's the best of what was said this week:

UK: Asda to sell 47 Netto outlets to satisfy OFT

23 Sep 2010

UK grocery operator Asda has offered to sell some 47 Netto outlets to satisfy Office of Fair Trading (OFT) local competition concerns raised by its acquisition of the discount retailer.

Quote, unquote: just-food's week in words

27 Aug 2010

Canadian convenience operator Couche-Tard posted record net earnings for the first quarter of fiscal 2011 this week, up 42% against the same period of the previous year.

UK: Asda works on plans for Netto stores

27 Aug 2010

UK retailer Asda said it is “working hard behind on the scenes” on plans for its Netto stores, as it awaits approval from the Office of Fair Trading (OFT) for the purchase.

Best bits: Wal-Mart faces tougher US market

23 Aug 2010

Manufacturers found reason to breathe a sigh of relief last week as Wal-Mart announced it would be reversing a number of the range rationalisation initiatives it undertook as part of its 'Project Impact' scheme.

Editor's choice: the highlights on just-food this week

20 Aug 2010

Wal-Mart posted its second quarter results this week, and to the relief of many manufacturers it announced it is looking to return a number of products that were delisted as part of its Project Impact initiative.

DENMARK: Dansk Supermarked sees consumption grow in H1

18 Aug 2010

Supermarket group Dansk Supermarked posted a rise in income for the first half of 2010 due to an increase in consumption, with the largest growth in Sweden and Poland.

EUROPE: Netto plans expansion in Germany, Poland and Sweden

16 Aug 2010

Discount retailer Netto is planning to expand in Germany, Poland and Sweden following the sale of its UK arm to Asda.

UK: Asda denies plans to sell 30 Netto outlets

4 Aug 2010

Asda has denied reports that the Office of Fair Trading is requiring it to sell some 30 of the Netto stores it acquired in May.

FRANCE: Les Mousquetaires focuses expansion on small stores

9 Jul 2010

French retailer Les Mousquetaires is aiming for market share of 15% through the expansion of the number of Intermarché Express and Netto outlets it operates.

Quote, unquote: just-food's week in words

28 May 2010

Here is the best of who said what about the week's burning issues.

Comment: Wal-Mart Asda get it right with Netto deal

28 May 2010

That Asda, the UK arm of Wal-Mart and the country's second-largest retailer, is keen to open smaller stores is well-known throughout the industry. That Asda would buy the UK stores of discount chain Netto to help it achieve that goal may not have been quite what some had in mind.

Top stories on just-food this week

28 May 2010

The launch of the just-food Promo Tracker proved popular with our readers this week as we sought to give an insight into the promotional habits of the UK's leading grocery brands and retailers.

UPDATE: UK: Netto better suited to Europe - MD

27 May 2010

Netto MD Claus Juel-Jensen today (27 May) spoke of his "heavy heart" at the discounter's imminent exit from the UK - but hinted the chain's business had failed to win over local consumers.

UK: Asda to buy Netto's UK stores

27 May 2010

Asda has struck a deal to buy the UK stores of discount chain Netto as part of the Wal-Mart arm's bid to run smaller stores in the country.

UK: Netto UK books increase in 2009 earnings

7 May 2010

Discount chain Netto UK said it is "pleased" with the progress of the business as it reported an increase in full-year profits for 2009.

UPDATE: UK: Poundland can thrive in recovery, says new owner

4 May 2010

UK discount retailer Poundland can prosper even as the country's economy moves into a phase of fully-fledged recovery, the company's new owner said today (4 May).

UK: Private-equity firm Warburg Pincus "buys Poundland"

4 May 2010

Poundland, the UK retailer, has a new owner after private-equity firm Warburg Pincus reportedly agreed to acquire the business.

UPDATE: GERMANY: Edeka to invest in expansion in 2010

28 Apr 2010

Edeka, Germany's largest retailer, said today (28 April) that it will invest in the expansion of its store network over the next two years.






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