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Sainsbury's to close Netto stores

UK supermarket chain Sainsbury's is to close its Netto stores, putting 400 jobs at risk, after abandoning a joint venture with a Danish retailer.

Discount supermarket Netto is back trading in the UK after opening its first store under a partnership with Sainsbury's.

UK supermarket chain Sainsbury's hopes to take on discount rivals Aldi and Lidl as it opens the first of 15 stores with Danish discount chain Netto.

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