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Aldi's Barnes Wary Of Brexit, Competitive Pressures

Published on Nov 16 2018 10:49 AM in Retail tagged: Featured Post / Aldi / Results / Paywall / Matthew Barnes / Aldi UK & Ireland

Aldi's Barnes Wary Of Brexit, Competitive Pressures

A leading executive at Aldi Süd, Matthew Barnes, has said that the retailer is keeping a close eye on both foreign exchange markets and the Brexit process, as it seeks to grow its network.

In a statement to announce Aldi UK & Ireland's 2017 full-year results, Barnes noted that "competitive pressure in the United Kingdom and Ireland is a continuing risk for the group".

He added that Aldi is seeking to offset that by investment in products and people, as well as through store expansion.

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