date:Jun 24, 2014
UK supermarket chain Sainsbury's has entered into a deal with Danish discount grocery chain Netto, in what appears to be a bid to take on their discount rivals such as Lidl and Aldi.
Both Netto and Sainsbury's will invest 12.5m in the venture. They aim to have 15 stores across the UK by the end of 2015, with the first store opening in the north of England later this year.
Netto previously operated in the UK for 14 years until 2010 when their 193 stores were bought by Asda for 778m. Asda were r