Published 1 year ago • loading... • Updated 1 year ago
Lidl to invest £500m to support plans for 40 new stores
Lidl will invest £500 million in 2025 to open 40 new stores across the UK, including plans for numerous locations in London.
The retailer targets almost 250 potential sites in affluent London areas such as Knightsbridge, Chelsea, and South Kensington to support this expansion.
Lidl currently operates more than 980 UK stores with 14 distribution centres and plans to complete the doubling of its Belvedere regional distribution centre this year.
Richard Taylor, Lidl GB's chief development officer, described the substantial investment as a strong indication of the company's goals and commitment.
This expansion aims to increase store access nationally and create jobs while Lidl welcomes government proposals easing development barriers.