Addleshaws and Linklaters line up for Sainsbury's and Netto discount store tie-up
Addleshaw Goddard and Linklaters have scored the leading roles as Sainsbury's enters the discount sector by bringing Danish retailer Netto back to the UK.
June 23, 2014 at 08:39 AM
2 minute read
Addleshaw Goddard and Linklaters have won the lead roles on Sainsbury's push into the discount grocery market, forged through a tie-up with Danish retailer Netto.
Sainsbury's has formed a joint venture with Dansk Supermarked, owner of the Netto brand, to open a chain of discount stores in the UK.
The venture intends to launch 15 Netto stores nationwide by the end of 2015. Both parties will each invest £12.5m, expecting to incur losses of between £5m and £10m each in the year to March 2015.
Addleshaw Goddard acted for Sainsbury's with a team led by corporate partner Andrew Rosling, client relationship partner Jonathan Davey and competition partner Bruce Kilpatrick.
Dansk Supermarked turned to Linklaters, which fielded a team led by corporate partner Paul McNicholl.
Both Addleshaws and Linklaters are on Sainsbury's' legal panel. The supermarket giant completed its third review of legal advisers earlier this year, with King & Wood Mallesons SJ Berwin and TLT winning first-time places.
Sainsbury's has recently mandated Addleshaws on deals including its joint venture with Vodafone to create a new mobile phone network, which formed last July. Linklaters took a role advising Vodafone.
Netto sold its stores to Asda for £778m in 2010, marking its exit from the UK market. Walker Morris acted for Dansk Supermarked on the sale, while Slaughter and May took the lead role for Asda. Pinsent Masons carried out due diligence, commercial contracts and employment work for Asda.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
Hengeler, Noerr, Freshfields Steer Multi-Million Euro Deals for XXXLutz, Huf Group & More
3 minute read
Goodwin Enlisted for $1.15 Billion GSK Acquisition of US Biopharma Business
Freshfields Leads European M&A Rankings Again in 2024, as U.S. Firms Gain Market Share
5 minute read
Trending Stories
- 1Snapshot Judgement: The Case Against Illustrated Indictments
- 2Texas Supreme Court Grapples Over Fifth Circuit Question on State Usury Law
- 3Exploring the Opportunities and Risks for Generative AI and Corporate Databases: An Introduction
- 4Farella Elevates First Female Firmwide Managing Partners
- 5Family Court 2024 Roundup: Part I
Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
