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    Lidl to invest €500 million in Belgium during few years

    © Belga
    © Belga

    Lidl anticipates investing some 500 million euros in Belgium soon to increase its market share in supermarket distribution from 8.5% to 10%. L’Echo is reporting this today (Wednesday). The German business will focus upon the capital Brussels, where it plans to open 35 new shops in the next five to seven years.

    The supermarket chain, which employs 6,500 individuals in Belgium, is consequently seeking to create 2,000 additional jobs.

    Ranked fifth for supermarket distribution in Belgium behind Colruyt, Delhaize, Carrefour and Aldi, the German group does not publish its figures, but it is thought to weigh in at around 1.7 billion euros. Indeed this is the estimate of Belgium’s retail field magazine Gondola.

    Oscar Schneider (Source: Belga)