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German discount grocer ALDI plans $3 billion US expansion with 650 new stores

BERLIN - German-owned discount store chain ALDI plans to invest $3 billion to open 650 new sites across the United States in the next five years. The company said in a statement Friday that the expansion would create more than 10,000 new jobs. ALDI says that to meet the target it will increase the rate at which it opens new stores from 80 to about 130 a year. A regional headquarters and distribution centre will be built in Moreno Valley, Calif.

German ALDI supermarkets in $3 bn US expansion drive

German discount supermarket chain ALDI said Friday it will invest $3.0 billion (2.2 billion euros) in expanding its presence in the United States over the next five years. "ALDI today announced a five-year strategic plan to open 650 new stores across" the US, the group said in a statement. ALDI already operates nearly 1,300 stores in 32 states in the US and describes itself as the "leading low-price grocer."

Supermarket tycoons top German rich list

Germany's super-rich are wealthier than ever, led by the founders of discount supermarket chain Aldi, according to a ranking by the country's Manager magazine published on Monday. "Never before were Germany's super-rich richer than today, never before have there been so many billionaires," who numbered a record 135, said the magazine's annual top-500 rich list for Europe's biggest economy.

UPDATE 1-Sainsbury led top UK grocers in Christmas sales growth

* UK grocery market grew 3.2 pct in 12 weeks to Dec. 23 * Sainsbury market share up 0.1 pct pt, Tesco down 0.1 * Strongest growth at discount and premium end - Kantar * UK retail sales up 0.3 pct in December - BRC * 2013 to be difficult for retailers - BRC By James Davey LONDON, Jan 8 (Reuters) - J Sainsbury, Britain's No.
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