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Asda plans to open 300 convenience stores

Asda plans to open 300 new convenience stores in the next four years as part of its quest to supplant Sainsburys as the UK’s second-largest grocer.

The supermarket chain, owned by TDR Capital and brothers Mohsin and Zuber Issa, is currently number three with a 14% market share. It currently lacks a large convenience store estate because its previous owner, Walmart, prioritised big-box formats.

The supermarket chain now wants to expand its Asda Express and Asda on the Move stores.

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