Addleshaw Goddard advises Sainsbury’s on joint venture with Dansk Supermarket
Addleshaw Goddard has advised Sainsbury’s on its high-profile, strategic joint venture with Dansk Supermarket to create the new Netto grocery chain in the UK.
This is the second recent high-profile joint venture on which Addleshaw Goddard has advised the supermarket: the firm also advised Sainsbury’s on its partnership with Vodafone last year, providing guidance on a range of key commercial arrangements.
The Addleshaw Goddard team was led by Andrew Rosling (corporate), Jonathan Davey (commercial) and Bruce Kilpatrick (competition). Linklaters advised Dansk Supermarket with a team led by corporate/M&A partner Paul McNicholl.
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The past five years have not been easy for Addleshaw Goddard. The firm’s revenue fell 7 per cent from £173.1m to £161.9m between 2008/09 and 2010/11 and despite finances looking up in 2011/12, when Addleshaws reported a 30 per cent increase in net profit, it has shown no notable compound growth in turnover since 2007/08.