Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Lidl to invest £4bn in British food businesses to provide suppliers with ‘security’ and ‘certainty’

by January 31, 2023
January 31, 2023
Lidl to invest £4bn in British food businesses to provide suppliers with ‘security’ and ‘certainty’

Lidl has revealed plans to invest £4bn into British food businesses this year, as it charges ahead with growth plans.

Lidl GB, the British arm of the German retail group, said it would accelerate the spending plans it announced in 2019.

Lidl GB had committed to a £15bn investment in the British food industry between 2020 and 2025, it has raised that amount to £17bn.

Ryan McDonnell, CEO at Lidl GB, said: “The farmers and producers that supply us, some of which have been with us for decades, are paramount to the success of our business.

“We see them as partners in our mission to provide households with high quality affordable produce, and for many, working with Lidl GB and being part of our growth has opened opportunities for their own expansion, both here in the UK and across the globe.”

Lidl GB works directly with over 650 suppliers across the country and currently sources two-thirds of its core produce from the UK.

Martin Kottbauer, chief trading Officer at Lidl GB, added: “Providing our suppliers with the security and certainty needed for them to invest and grow has been a big focus for us over the years. It’s why we’ve led the industry on the introduction of longer-term contracts, and it’s why our continued investment in the British food and farming industry remains an absolute priority for our business.”

It comes amid a period of continued sales growth for Lidl, with the supermarket reporting a sales increase by 24.5 per cent over the four weeks to 25 December, compared with the same period in 2021.

Lidl has over 70 supermarkets across London, and a total of 950 UK stores.

Read more:
Lidl to invest £4bn in British food businesses to provide suppliers with ‘security’ and ‘certainty’

0
FacebookTwitterGoogle +Pinterest
previous post
How is each train operator affected by the latest rail strikes?
next post
EU plans to loosen state aid rules to boost renewables investment

You may also like

What factors affect the durability of a car?

January 27, 2025

Ivy owner apologises for demanding discounts from suppliers

June 16, 2025

UK energy secretary could get power to fast-track...

November 16, 2023

Banks on High Alert as ‘Rogue’ Companies House...

March 4, 2024

Why The Founder of Branzio Watches Mehtabjit Teja...

October 10, 2022

MPs told UK SMEs facing working capital squeeze

September 4, 2023

Rishi Sunak reshuffle’s cabinet with Cleverly replacing Braverman...

November 13, 2023

Ecommerce Keyword Research: Top 7 Strategies

March 2, 2024

Government urged to end rolled-up holiday pay ‘stigma’,...

March 9, 2023

Government relies on ‘stealth tax’ from hardworking business...

September 18, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Marco Rubio holds first meeting with families of hostages held by Hamas

      June 28, 2025
    • Trump’s NATO Turnaround: From threatening to pull US out to ‘daddy’ of the alliance

      June 28, 2025
    • Week Ahead: As NIFTY Breaks Out, Change Of Leadership Likely To Keep The Index Moving

      June 28, 2025
    • Trump’s ‘big, beautiful bill’ faces Republican family feud as Senate reveals its final text

      June 28, 2025
    • Senate shuts down Kaine’s attempt to check Trump’s war powers

      June 28, 2025
    • 3 Stock Setups for the Second Half of 2025

      June 28, 2025

    Categories

    • Business (8,329)
    • Investing (2,081)
    • Politics (15,845)
    • Stocks (3,177)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved