Sunday, October 1, 2023

Discount supermarket Lidl hit by rocketing interest bill raising doubts over UK expansion | This ...

Discount supermarket Lidl hit by rocketing interest bill raising doubts over UK expansion | This ...

Lidl's UK arm has been hit by a surge in its borrowing costs, threatening its previously relentless rise.

The German discount supermarket's British operation plunged into the red after the interest bill on its debts almost trebled to £108 million.

Along with fellow no-frills rival Aldi, it has revolutionised food retailing in the last two decades.

Publisher: This is Money
Date: 2023-09-30T21:50:08 0100
Author: Patrick Tooher
Reference: (Read more) Visit Source



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