Finance
There is no UK supermarket price war, says Aldi boss
Published by Global Banking & Finance Review®
Posted on May 29, 2025
2 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on May 29, 2025
2 min readLast updated: January 23, 2026
Aldi UK's CEO denies a supermarket price war, citing growth potential and rising grocery inflation. Aldi's market share hits a record 11.1%.
By James Davey
LONDON (Reuters) -Britain is not in the midst of a supermarket price war despite some suggestions to the contrary, the boss of the UK arm of German discounter Aldi said, warning rivals his business still had "huge potential" for growth.
In March, Asda, Britain's third largest grocer, boosted speculation of a price war, saying it would take a hit to profits to finance a campaign of price cuts aimed at reversing a slide in market share.
The warning hit the shares of industry leader Tesco and number two Sainsbury's, which took account of Asda's move in their profit outlooks.
But Giles Hurley, chief executive of Aldi UK, the number four player, said on Thursday there had been "more talk than substance".
"There has been a lot of talk about a price war, I don't think that has manifested itself," he told Reuters in an interview, pointing to industry data showing grocery inflation hitting 4.1% in May, a 15-month high.
"I'd probably call it more of a phoney price war than a real price war," Hurley said, maintaining that Aldi's price gap to rivals "is as big as it's ever been".
Data from market researcher Kantar published on Wednesday showed Aldi UK's sales rose 6.7% over the 12 weeks to May 18, its fastest growth since the start of 2024, with its market share hitting a record 11.1%, up 30 basis points year-on-year.
Aldi UK, owned by Germany's Aldi Sud, and rival discounter Lidl GB have expanded rapidly over the past two decades, transforming the supermarket scene.
Aldi UK now has Asda, which has a 12.1% market share, in its sights, with the Kantar data showing Aldi now sells more food and drink than Asda.
"While I'm delighted with the growth that we have, there's massive headroom for us," said Hurley.
He said the group, which currently trades from 1,050 stores, would invest 650 million pounds ($875 million) this year opening 40 stores and refreshing existing ones. A further 40 openings are planned for 2026 and its long-term target is 1,500.
($1 = 0.7427 pounds)
(Reporting by James DaveyEditing by Mark Potter)
Aldi's CEO, Giles Hurley, stated that there is no real supermarket price war in the UK, describing the situation as 'more talk than substance.'
Asda announced it would take a hit to profits to finance a campaign of price cuts aimed at reversing a decline in market share, which fueled speculation of a price war.
According to Kantar data, Aldi UK's sales rose 6.7% over the 12 weeks to May 18, marking its fastest growth since the start of 2024, with its market share hitting a record high.
Aldi plans to invest 650 million pounds this year to open 40 new stores and refresh existing ones, with an additional 40 openings planned for the future.
Giles Hurley emphasized that Aldi's price gap to rivals is as significant as ever, indicating that the company remains competitive despite claims of a price war.
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