Netto was a discount supermarket chain in the United Kingdom. Netto arrived in the United Kingdom in December 1990, as part of an internationalisation process by its Danish owner, Salling Group. By May 2010, it operated 193 stores, before it was sold to Asda. In June 2014, Salling Group returned Netto to the United Kingdom, as a 50:50 joint venture with Sainsbury's.
In July 2016, the two companies announced they would end the joint venture, and close all of its stores, after Sainsbury's chose to focus on its main business ahead of any further investment.[1]
History
Foundation
Netto began operating in England in Leeds, on 13 December 1990, with the company's United Kingdom headquarters being in the town of South Elmsall, West Yorkshire.