LONDON Dec 2 Discount supermarket Lidl
plans to spend 70 million pounds ($89 million)
building a new distribution centre in Britain next year, it said
on Friday, showing its appetite for investment has not been
diminished by the Brexit vote.
German-owned Lidl, which has won market share from bigger
rivals Tesco, Sainsbury's, Asda and
Morrisons, but seen its rate of sales growth slow this
year, said the new 58,400 square metre depot in Doncaster,
northern England, would create 500 jobs.
The site will be the supermarket's 13th warehouse in
Before the UK's referendum in June, campaigners in favour of
remaining in the European Union had warned that international
companies could seek to reduce their presence in Britain as a
withdrawal from the bloc would make it a less attractive place
But Lidl is sticking to plans announced in 2015 to invest
1.5 billion pounds over three years on expanding its store and
logistics network with a view to having 1,500 stores in Britain
in the long term. It currently trades from 640.
In September the firm parted company with long-term chief
executive Ronny Gottschlich, replacing him with Christian
Härtnagel, a little known Lidl executive who was previously in
charge of sales and operations in Austria.
($1 = 0.7906 pounds)
(Reporting by James Davey; editing by Susan Thomas)