Salling buys Coop stores: Will become Netto or Føtex

Salling Group, which owns Føtex and Netto, announces that it is acquiring 25 365discount stores, three Kvickly stores, five SuperBrugsen stores, and two projects that have not yet been realized.

Salling Group also states that the agreement with Coop Danmark includes taking over the stores’ employees.

“We are proud of the purchase, which allows us to reach even more Danes in areas and at locations where we currently do not have enough presence. This transaction is possible only because we operate a healthy and economically strong business that allows us to seize market opportunities when they arise. With the new stores and projects, we can accelerate the positive momentum of Netto and Føtex in the market, and we look forward to welcoming new colleagues to the Salling Group team,” says Anders Hagh, CEO of Salling Group.

The competition authorities must now approve the transaction.

Depending on the decision of the Danish competition authorities, the Coop stores will be converted to either Føtex or Netto. However, Salling Group can only specify local plans once the decision is made.

“Many people have had a close relationship with the stores we are acquiring. We must understand this and therefore approach the task with respect for the new communities we are entering or becoming a larger part of, with an unwavering focus on creating good experiences for our new customers with motivated employees, high service, and inspiring products at competitive prices,” says Anders Hagh.

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Here is the list of the stores that Salling Group is acquiring from Coop Danmark A/S: