Lidl and Kaufland Open Hundreds of New Branches – Schwarz Group Invests Billions

Despite crises, the trade giant from Baden-Württemberg relies on growth: around 300 new branches, more jobs and billions for modernization – this is how Lidl and Kaufland are expanding.

Corporate, business and industry news (otherwise): (dpa) Branches, investments, jobs: Lidl and Kaufland are continuing their growth course – also in Germany. While the shops are running well, the giants in e-commerce are taking their place.

The parent company of discount retailer Lidl plans to invest almost 10 billion euros in 2025 – primarily in the expansion of the budget chain and the development of data centers. CEO Gerd Chrzanowski is thus driving forward the company's diversification into a tech company.

Neckarsulm (ots) – – The Group's total turnover is growing by 4.9 percent to 175.4 billion euros. – The unique ecosystem and strong trading core create around 20,000 new jobs and offer its approximately 595,000 employees stability in challenging times. – The companies of the Schwarz Group increase their investments, especially in Germany as a business location and a digitally sovereign Europe by 7.5 percent to 8.6 billion euros – 3.3 billion eur…