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German Discount Supermarket Chain Lidl Fires Its Chairman

March 20, 2014: 12:00 AM EST
Karl-Heinz Holland was fired as chairman of German discount supermarket chain Lidl because of undisclosed “unbridgeable” differences over strategic direction. Holland, a former head of buying,  was chairman for five years. Also leaving the company for the same reasons is head of buying and marketing chief Dawid Jaschok. Lidl has 10,000 stores in Europe employing 180,000 people. The company is Europe's third-biggest retailer behind Carrefour and Tesco in terms of annual turnover. Like arch-competitor Aldi, Lidl is considering expanding into the United States in 2015 with 100 stores.
Emma Thomasson, "Lidl chairman steps down over strategy differences", Reuters, March 20, 2014, © Thomson Reuters
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