Morrisons has bought a further two Netto stores from Asda.
The latest acquisitions – in Worsley, Manchester, and Dunstable – are in addition to the 16 former Netto stores it bought from Asda in January. The first of those began trading under the Morrisons banner on 9 May.
The offloaded stores represent some of 47 outlets the Office of Fair Trading required Asda to sell to gain approval for its £778m deal to buy the discounter’s UK operations. Converting the latest two to the Morrisons format is expected to take three months.
“These additional stores are an important next step in Morrisons’ growth,” said retail director Mark Harrision.
“We are building on our strategy to bring Morrisons’ unique offer of freshly prepared, affordable food to more people in Britain.”
Grocery Retail Structure 2011: Multiple retailer swap shop sees Tesco swell its numbers (21 May 2011)
Morrisons beats Asda in race to open former Nettos (9 May 2011)
Netto store bosses ‘left in dark’ over Asda plans (5 March 2011)