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Profits fall at Aldi UK but continuing expansion drive

18/09/2019 - 10:35

Aldi’s British and Irish arm saw its profits fall by more than a quarter last year due to price cuts and investment in its infrastructure. However, the discounter reaffirmed its plans to continue its rapid expansion, with London now a key area of focus. 

In the year to 31 December 2018, Aldi’s operating profit was down 26% to £197.9m on sales up 11% to £11.33bn, driven by new store openings. Pre-tax profits fell 18% to £182.2m. The company emphasized that the fall in profits was not just a result of a £531m investment in infrastructure but also cuts for its customers to... 


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RDI Reit offloads German shopping centre for €91m

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RDI Reit said on Wednesday it is making progress in offloading its German assets after selling its Bahnhof Center in Hamburg ...

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Key insights into the global banana market

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