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Lidl to invest £500 million in London over five years

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Lidl to invest £500 million in London over five years
FILE PHOTO: A sign is seen outside a LIDL supermarket in Cricklewood, London January 21, 2009. REUTERS/Stephen Hird (BRITAIN)   -   Copyright  Stephen Hird(Reuters)
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LONDON (Reuters) – Lidl GB, the British arm of the German-owned discounter, plans to invest 500 million pounds in London over the next five years, it said on Wednesday.

The supermarket group said it would open over 40 new stores, creating about 1,500 jobs. The plans include its most central London store to date, on Tottenham Court Road.

The group currently trades from 760 UK stores.

(Reporting by James Davey, Editing by Paul Sandle)

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