Lidl launches €400 million investment plan for Italy

With the aim of consolidating its existing Italian network of 660 stores, Lidl is launching an investment plan for Italy worth €400 million on top of the €2 billion invested over the last six years.

The group will focus on the three pillars of real estate and logistics, the creation of new jobs, and the development of the Italian food supply chain.

By the end of the year, the German retail chain plans to open fifty new stores in Italy and revamp its existing network, as well as making major investments in logistics.

It also expects to recruit more than 2,000 people in 2020. Lidl operates in 29 countries with over 10,800 stores and some 287,000 employees. In 2019, the retailer sold more than €1.6 billion worth of Italian products abroad.

Image credits: Lidl