Aldi reveals plans for £800 million expansion across UK – London Business News | Londonlovesbusiness.com
Aldi has reported a surge in sales and profits and as such have revealed plans to spend £800 million in an expansion programme across the UK.
Aldi are to open 23 stores be the end of 2024 and the discount supermarket will revamp some 100 shops.
Giles Hurley, chief executive of Aldi UK and Ireland, said: “For every £1 of profit generated last year, we’re investing £2 this year – opening more stores and building the supply infrastructure to bring high-quality, affordable groceries to millions more families the length and breadth of Britain.”
He added, “As we head towards the Christmas trading period, we’re all set to launch our biggest and best ever seasonal range, including hundreds of premium range products at unbeatable prices for our customers.”
Related
‘Too small’ UK pension funds hold back growth, says Rachel…
However, critics say the plans could put savers' money at risk."Conflating a government goal of driving investment in the UK and people’s retirement outcomes
Homebase collapses with 2,000 jobs at risk
Those stores will continue to trade while administrators Teneo look for a buyer, and there will be no immediate redundancies.Along with up to 70 stores, Range o
Scam company which offered fake hospitality packages to British Grand…
Informa Expo Ltd targeted businesses with hospitality tickets for this year’s British Grand Prix The company, trading as Informa Hospital
Trinny Woodall Takes Top Honour at Lloyds British Business Excellence…
London’s Grosvenor Hotel set the scene for an evening celebrating Britain’s business elite at the Lloyds British Business Excellence Awards. With twenty cat
