Aldi announces ambitious expansion plans

German-based supermarket chain Aldi has vowed to invest £1 billion in expanding its store estate within the M25 over the next two years.

The company plans to expand its store presence in Greater London from 45 stores to 100 stores by the end of 2025.

It also plans to open a further 100 stores across the UK over the next two years and these will be a mix of standard-sized stores and smaller local retail outlets.

So far, new stores in Blackheath, Watford and Sydenham have been confirmed.

“Whilst our expansion will continue to reach every part of the UK, we’re increasing our focus on London, where our market share is just 3.4 per cent, compared to 8.1 per cent nationally,” Aldi UK and Ireland Chief Executive Giles Hurley said.

“London shoppers regularly tell us they would switch to Aldi if there was one nearby, so there is clearly a significant growth opportunity for us in the capital.”

“For almost three decades we’ve proven that investment equals growth – investment in our infrastructure, our people and our prices.

“The commitment we have made to our customers to continue investing in the UK over the coming years remains as strong as ever.”

Aldi currently has 840 stores across the UK and Ireland.