So now we know. Netto abandoned the UK by selling out to Asda Wal-Mart because the might of the country’s big grocers ultimately caused it too much grief. Speaking at the World Retail Congress in Berlin Claus Juel-Jensen, managing director of Netto International, admitted that the aggressive competition from the likes of Tesco, Asda, Morrisons…

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Asda might have paid a high price for the Netto supermarket chain but the expectation is that it will squeeze significantly greater revenues and profits from the business than its Danish owners. It intends to attract more people doing their full weekly shops through increasing the SKU count and boosting the fresh food offer. It will also…

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