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Aldi's $15.9 billion of annual sales in the UK and Ireland prove that its market share is growing - and the US is next in its sights

1 month ago   |   By Business Insider

Summary List Placement
Discount grocery chain Aldi will create 4,000 new jobs in the UK and Ireland in 2021 as part of a two-year, £1.3 billion investment plan, it said in an upbeat financial statement on Monday.
The German chain, which owns Trader Joe's, reported 2019 annual sales for the UK and Ireland of £12.3 billion - an 8.3% increase on the previous year, despite the grocery market overall only growing by 1%, according to data from Kantar .
Aldi will open 100 stores over 2020 and 2021, the chain said. This means it will broadly maintain the pace it set in July , when it said it would...
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Walmart has reportedly picked 2 gas-station billionaire brothers as preferred bidders for Asda, its $8.4 billion UK grocery chain

Walmart has reportedly picked 2 gas-station billionaire brothers as preferred bidders for Asda, its $8.4 billion UK grocery chain

1 month ago   |   By Business Insider

Summary List Placement
Walmart has reportedly chosen two billionaire brothers behind a gas station chain as preferred bidders for its $8.4 billion UK grocery business Asda, following a board meeting on Saturday.
While there isn't yet a formal deal, sources told Sky News that a bid launched by private equity firm TDR Capital and brothers Mohsin and Zuber Issa, who own the Euro Garages gas station chain, is the leading contender.
The deal is expected to value Asda, the UK's third-largest supermarket chain, at around £6.5 billion .
It would return Asda, which has been owned by Walmart for 21...
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