Lidl Invests €45 Million In Portuguese Operation
Published on Apr 16 2013 12:05 PM in Retail
Schwarz Group-owned discounter Lidl is to invest some €45 million in its Portuguese business, with the building of a new headquarters and the rejuvenation of a number of stores.
The retailer said it has upped its investment spend for the country by 25 per cent on last year's budget as it intends to upgrade, refurbish and expand its store network and its supporting logistical infrastructure.
The Germany-based discounter is to start work on its new Portuguese headquarters in Sintra in June, with a completion date in 2014. The new head office is a €15 million investment and will employ 250 people, according to Hipersuper.
It is expected that the investment will create 60 new jobs this year. (16 April)
© 2013 - ESM: European Supermarket Magazine by Sadhbh Connor