Lidl to Spend $2.3 Billion Stepping Up U.K. Grocery Assault

Updated on
  • Budget chain to open almost one store a week in 2016
  • Move adds to pressure on Britain's established supermarkets

A Lidle store in Catford, U.K.

Photographer: Simon Dawson/Bloomberg

German discounter Lidl said it will invest more than 1.5 billion pounds ($2.3 billion) in the U.K. over the next three years, heaping pressure on established supermarkets such as J Sainsbury Plc to further reduce prices.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.