Sep 28, 2020
Aldi UK profits up sharply in 2019
Aldi's pre-tax profits in the UK jumped by half last year despite heavy investment and competitive market conditions. The privately owned company released selected financial information for the year to December 2019 on Monday. Aldi missed out on the online sales boom as it only sells through stores. The company has already pledged to open 1,200 stores in the UK by 2025, up from about 900 at present. The latest data from Kantar estimates it has 18m UK customers and an 8 per cent share of the UK grocery market.
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