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Lidl to invest 1.5bn in UK

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Lidl's parent company, Schwarz Gruppe, has revealed plans to invest £1.5bn in the UK over the next three years, including building a new office and expanding its store network.

The discount grocer has received planning permission to build a 240,000 sq ft head office in the Tolworth, Kingston area of London. Around 450 staff will move from the existing Lidl office in Wimbledon to the new site, which is expected to cost around £70m. 

Lidl also advised that it intends to extend its store network in the London area by around 250, creating 5,000 jobs. Ultimately, Lidl is looking to have 1,500 stores in the UK, more than double the existing number.

Recently, Lidl opened a new Southampton DC and is planning to expand its distribution network by opening warehouse sites in Doncaster, Exeter and Wednesbury.

Ingo Fischer, Lidl UK board director, said: “Our new headquarters not only signify an investment in our own infrastructure and workforce, but also highlight our wider investment ambitions within London as Lidl UK continues to experience incredible growth”.

Source : Insight DIY

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21 December 2016

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