Aldi UK to invest 1.3 billion stg over next two years

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)