Lidl announces £15,000,000,000 investment in its UK supermarkets

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Brexit clearly isn't affecting Lidl

Lidl said ‘long-term partnerships with farmers are all the more important during economic uncertainty’

Lidl will spend £15 billion on British business over the next five years, supermarket bosses announced today. The supermarket chain also revealed plans to increase sales of British sourced fresh meat, poultry and fresh produce by more than 10% across the next 12 months.The announcement comes after plans were unveiled to open 50 to 60 new stores this year.

Ryan McDonnell, chief commercial officer at Lidl GB, said: ‘Our long-term partnerships with farmers are all the more important during economic uncertainty, and with 2019 marking our 25th anniversary, we are more committed than ever to supporting our suppliers here in Britain and offering customers British-sourced products in the future.’They signed up to the National Farmers’ Union’s Back British Farming Charter in March 2017.

Lidl – which has a 6% market share – has committed to spending £500 million in London over the next five years.On Tuesday, it was revealed that sales grew by 8.2% in the 12 weeks before October 6 compared with a year ago, according to Kantar.

 

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That's mostly me. The 🥂🍺🍻🥂. So cheap

They know that post-Brexit UK is going to be desperate for discounted food.

Why import them ? If we can grow them.

They are doing it for a nice return. Why can’t we invest in German supermarkets?

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