Netto discount stores to close in Britain

Sainsbury to concentrate on its core business

4th July, 2016
Sainsbury, DSG end Netto joint venture Pic: Getty

British supermarket group Sainsbury and Denmark's Dansk Supermarket Group are to close their Netto chain of stores in Britain after a review of the joint venture.

Netto, launched in June 2014, was aimed at benefiting from Britain's fast-growing discount grocery market. A statement from the companies said, however, that after an initial period of trial store openings, the decision was made to end the venture after assessing trading data, customer reaction, expansion costs, the overall...

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