(03/03/2016 18:14)jcksmnr Wrote: [ -> ]Netto in Europe remained yes but in the UK it did sell out to Asda rather than be an arm of Asda about 5 years ago. Walmart bought Asda long before this took place.
Asda basically brought the brand over to the UK in the early 90's but it Asda never owned the brand they simply provided property and logistics retaining any share of profits, the Netto brand never went bust in the UK Asda just rebranded the majority of the sites as Asda locals keeping staff on. I think the reasons behind it were they felt there had been a big shift in people's shopping habbits - which for a short time was right as we saw the demise of Kwick save and Woolworths but then came the Aldi and Lidl boom lol.
Netto has made a return under exactly the same arrangement only this time with sainsburys. Sainsburys havebt bought shares in it there simply providing facilities to establish the brand in the UK in return for a share of any profits.
(03/03/2016 01:05)Mayneway Wrote: [ -> ]Netto didn't sell out. Netto is and always has been a large well known Danish/Scandinavian discount retailers. Following on from the huge success of Kwicksave and thier 'no frills' discount brands Asda was keen to muscle in on what was seen as the next big boom. They brought the Netto brand to the UK basically sourcing buildings/land and providing warehousing and logistics all for a share in any UK profits. Walmart bought ASDA and decided that with it's massive buying power it could provide the discounts in thier own stores rather than in sister outlets (netto) so the partnership was ended and the netto brand disapeared with tbe majority of Netto stores becoming Asda convience stores although some were leased to other companies by the building owners.
Over 15 years on and with the huge success Aldi and Lidl are seeing, sainsburys wants a a slice of the action and has basically brought the brand back, on a similar set up that Asda had, the first store opened in 2015 in Middleton and nettos UK head offices are also based in Manchester. As well as selling a lot of own brand items at discounted prices they also sell well known branded goods with short shelf life's - often stuff that's been taken out of sainsburys stores ect.
I think it's either a 3 or 4 year deal so netto could again disappear and be replaced with more sainsburys local stores lol.
Kwiksave was another to briefly return but now gone again
TJ Hughes was another company that almost went completly however they seem to be making a comeback having just opened a store in Bootle and are going to open one in St Helens as well