UK: Sainsbury’s To Close Netto Stores
July 8, 2016 | 1 min to read
UK supermarket chain Sainsbury's is to close its Netto stores after abandoning a joint venture with a Danish retailer.
Its 16 stores will continue to trade throughout July and will close during August, Sainsbury's said.
About 400 jobs are at risk, although the companies hope to re-deploy staff where possible.
Sainsbury's and its partner in the venture, Dansk Supermarked Group, said the trial was ended because Netto needed rapid expansion and investment.
To read the rest of the story, please go to: BBC