Coop taking over Smart Club Coop Norge, Which Runs a national chain of Grocery Stores and the count

Coop taking over Smart Club Coop Norge, Which Runs a national chain of Grocery Stores and the country's only chain of so-called "hypermarkets," has emerged shopping largo 13 as the Buyer of the Troubled Smart Club chain of discounted, warehouse-like Retail establishments.
Atle Brynestad is Selling the Smart Club chain That he built up. PHOTO: Terje BENDIKSBY / SCANPIX Related stories: Ailing Brynestad's soccer club as well - 04/07/2008 Soccer Seeks new club owner - 06/03/2008 shopping largo 13 Lyn still Faces charges - 01/04/2008 Soccer boss found guilty - 26/03/2008 Club owner calls Mikel case ' uncomfortable '- 02/15/2008 Ex-Lyn director pleads' not guilty' in Obi Mikel case - Electric car attracts Funds 02/11/2008 - 11/07/2007 Porcelain factory up for sale - 13/06/2005
Smart Club is the closest Retailer Norway has to, for Example, shopping largo 13 Cosco in the US. It dropped Its Membership Requirements, however, and has set up smaller Stores in urban neighborhood in addition to the large sites along motorways Mostly Runs Its outside city centers. shopping largo 13
Oslo-based Businessman Atle Brynestad, WHO has launched a variety of ventures over the Years from SEABOURN Cruises to glass-making Operations in Sweden, started up Smart Club in the 1990s. The supermarket chain has suffered shopping largo 13 financially shopping largo 13 of late, however, and Brynestad Had been Seeking a Buyer or a nce new partners at least last autumn.
He finally found a Buyer in Coop Norge, Which Said it intends to continue running under Its Own Smart Club profile. No price frame disclosed. The Deal is subject to approval from Norway's competition Authorities.
The Deal will Include the real estate under Smart Club's Stores at Slependen in Asker, Alnabru in Oslo, parade in Østfold and Skedsmokorset north of Oslo. Coop will ALSO take over the Leasing Agreements for the smaller Smart Club Express shopping largo 13 Stores at Bislett and Sofiemyr in Oslo.
Brynestad's CG Holding will retain a real estate portfolio That Includes new Commercial sites That may be for sale or lease Developed. ALSO Brynestad owns, among Other things, Christiania GlasMagasinet department Stores and Hadeland Glasswork shopping largo 13 s.
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