Troubled supermarket sells hundreds of in-store centres to Photo-Me International for £5.4m as part of cost-cutting mission
Asda is selling its loss-making photo business to Photo-Me International for about £5.4m in cash as the supermarket chain reduces the number of services it offers directly in its stores.
Photo-Me will buy 191 Asda in-store photo centres and 172 self-service kiosks and operate the supermarket’s online photo-processing service. It will pay £3.35m for the business and will also buy about £2m of stock.
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