31 Aug 2022
ASDA is pleased to announce an agreement to acquire 132 sites from The Co-operative Group (“Co-op”) as part of its growth strategy to move into the convenience market and bring ASDA value to more local communities.
The purchase includes 129 established, high-quality sites with a grocery retail store of between 1,500 and 3,000 square feet and attached petrol filling stations, and 3 further development sites. The sites are located nationwide across the UK and will create a new and distinct format for ASDA in the convenience market.
Mohsin Issa, co-owner of ASDA said: “We are hugely excited to create this new and distinct part of our business, giving us the opportunity to bring ASDA value in fuel and groceries to even more customers and communities across the UK. We see convenience as a significant growth opportunity for the business. This acquisition accelerates our strategy in this area and forms part of our long-term ambition to become the UK’s second largest supermarket.”
Learn more about our investment in ASDA.