Asda eyes up the Republic

Asda, Britain's second-largest supermarket chain, made its first foray into the Irish market last week when it snapped up 12 Safeway stores in the North for €110 million.

Ian Kehoe - avatar

Ian Kehoe

11th June, 2005

Asda, Britain's second-largest supermarket chain, made its first foray into the Irish market last week when it snapped up 12 Safeway stores in the North for €110 million. The supermarket chain intends to spend €44 million redeveloping the stores and has not ruled out opening new outlets.

The move fuelled speculation that Asda was gearing up for an assault on the retail market in the Republic. Asda, which is owned by the world's biggest retailer, Wal-Mart,...

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