Dis­count su­per­mar­ket Lidl to cre­ate 5,000 jobs in Lon­don

Kuwait Times - - BUSINESS -

LON­DON: Ger­man dis­count su­per­mar­ket group Lidl an­nounced plans Fri­day to cre­ate 5,000 new jobs in Lon­don as part of a ma­jor in­vest­ment pro­gram in Bri­tain, where it is en­joy­ing rapid growth.

The food re­tailer said it will open 250 shops in the cap­i­tal af­ter un­veil­ing a three-year, £1.5 bil­lion ($1.9 bil­lion, 1.8 bil­lion-euro) in­vest­ment plan last year that will more than dou­ble the num­ber of stores in Bri­tain to 1,500. The group also re­ceived per­mis­sion from lo­cal au­thor­i­ties Thurs­day to build a £70 mil­lion new head­quar­ters in the Kingston area of south­west Lon­don, sub­ject to ap­proval from the mayor.

Lidl, which cur­rently em­ploys 19,000 peo­ple in Bri­tain, has also an­nounced plans to open three new de­pots in north­ern, cen­tral and south west Eng­land, cre­at­ing an ad­di­tional 1,500 jobs. In re­cent years, Lidl and its Ger­man ri­val Aldi have boomed in Bri­tain, woo­ing bar­gain-seek­ers away from tra­di­tional su­per­mar­kets Asda, Mor­ri­son, Sains­bury’s and Tesco. Be­tween mid-Septem­ber and early De­cem­ber, Lidl in­creased its mar­ket share in Bri­tain to 4.6 per­cent, while Aldi took 6.2 per­cent, with both ap­pear­ing to be weath­er­ing the un­cer­tainty sur­round­ing Brexit.

Aldi has also stepped up plans for ex­pan­sion, an­nounc­ing a £300 mil­lion in­vest­ment in Septem­ber to re­vamp its stores over the next three years. Lidl’s ex­pan­sion is pos­i­tive news for Lon­don amid con­cerns about in­ward in­vest­ment fol­low­ing the June ref­er­en­dum vote to leave the Euro­pean Union. — Reuters

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