Business · 2 hours ago
Lidl is spending £600 million to open over 50 new UK stores
The supermarket chain reported a 9.9% rise in yearly operating profits and now holds an 8.7% share of the British grocery market. Chief executive Ryan McDonnell sees hundreds of potential locations across the country, and plans to expand their premium food range this Christmas. The German-owned brand already operates about 1,010 shops nationwide, taking the spot of Britain's fifth-biggest supermarket from Morrisons last May.
Reported by Reuters · How we write briefs