Published by Global Banking & Finance Review®
Posted on September 15, 2025
1 min readLast updated: January 21, 2026
Add as preferred source on GoogleAldi UK announces a £1.6 billion investment for store expansion over two years, despite a 21% drop in 2024 profits due to price cuts and higher costs.
LONDON (Reuters) -The British arm of German discounter Aldi said it would invest 1.6 billion pounds ($2.2 billion) over the next two years to accelerate store expansion but posted a fall in 2024 profit.
Aldi UK, Britain's fourth largest grocer with a market share of 10.8%, on Monday reported a 2024 operating profit of 435.5 million pounds ($590.6 million), down 21% on the previous year, which it said reflected price cuts, investment in infrastructure and higher staff pay.
($1 = 0.7374 pounds)
(Reporting by James Davey; editing by Sarah Young)
Aldi UK plans to invest 1.6 billion pounds ($2.2 billion) over the next two years.
Aldi UK reported a 2024 operating profit of 435.5 million pounds ($590.6 million), which is a 21% decrease from the previous year.
Aldi UK holds a market share of 10.8%, making it Britain's fourth largest grocer.
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