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Lidl Portugal To Invest €100 Million In Store Openings, Renovations

Published on Jun 7 2018 8:30 AM in Retail tagged: Featured Post / Lidl / Portugal / Lidl Portugal / Paywall

Lidl Portugal To Invest €100 Million In Store Openings, Renovations

The chief executive of Lidl Portugal has announced that the retailer will invest €100 million this year in its operations, representing an increase of over 40%, when compared to 2017.

Speaking at a press conference in Lidl Portugal’s HQ, at Linhó, near Sintra, last week, Massimiliano Silvestri said that the amount includes the opening of “a handful of stores” – namely in the areas of Greater Lisbon, Porto and Algarve – and investment in two warehouses.

Work on expanding and modernising the Torres Novas warehouse (from 30,000 to 40,000 square metres) will commence after the summer and require an investment of around €20 million.

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