German-owned discount supermarket Lidl GB has vowed to spend 15 billion pounds (...
To deepen its relations with British suppliers, Lidl, part of the Schwarz retail group, said it would introduce longer-term contracts with suppliers to help them invest and expand.
“Our business is only ever as good as our suppliers’, so our investments and commitments are key to ensuring that they can invest and expand with us,” said Ryan McDonnell, Chief Commercial Officer at Lidl GB. Lidl GB currently trades from 770 stores and has a market share of 6%. It is planning to open 50-60 new stores across 2019.Reporting by Kate Holton, editing by James Davey
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