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Lidl Seeks To Gain Bigger Share Of Belgium's Retail Market; Plans To Invest €500 Million

May 25, 2016: 12:00 AM EST
German discount retail chain Lidl plans to invest €500 million in Belgium to help increase its market share from the current 8.5 percent to 10 percent. According to the L’Echo newspaper, Lidl will focus its investments on the country’s capital, Brussels, where it plans to open 35 new retail locations in the next 5–7 years. Also, Lidl plans to add 2,000 more jobs to its existing 6,500-strong workforce in the country.
"Lidl to invest €500 million in Belgium during few years", The Brussels Times, May 25, 2016, © The Brussels Times
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