Salem Radio Network News Friday, December 3, 2021

Business

Aldi UK to invest 1.3 billion stg over next two years

LONDON (Reuters) – The British and Irish arm of German discount supermarket group Aldi said on Monday it would invest 1.3 billion pounds ($1.78 billion) over the next two years, opening 100 new stores.

Aldi, Britain’s fifth largest supermarket group with an 8% market share, said 2020 sales rose 10.2% to 13.5 billion pounds but operating profit fell 1.2% to 287.7 million pounds due to the costs of the pandemic.

($1 = 0.7311 pounds)

(Reporting by James Davey; Editing by Kate Holton)

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