LONDON (Reuters) -The British arm of German discounter Aldi said it would invest 1.6 billion pounds ($2.2 billion) over the next two years to accelerate store expansion but posted a fall in 2024
Aldi UK Plans £1.6 Billion Investment for Store Expansion Over Two Years
LONDON (Reuters) -The British arm of German discounter Aldi said it would invest 1.6 billion pounds ($2.2 billion) over the next two years to accelerate store expansion but posted a fall in 2024 profit.
Aldi UK, Britain's fourth largest grocer with a market share of 10.8%, on Monday reported a 2024 operating profit of 435.5 million pounds ($590.6 million), down 21% on the previous year, which it said reflected price cuts, investment in infrastructure and higher staff pay.
($1 = 0.7374 pounds)
(Reporting by James Davey; editing by Sarah Young)
