Germany: First losses for Aldi Nord occurs.

Publication

16 January 2019 à 11h40

Updated on 10 May 2019 à 16h26

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1 minute

Publication: 16 January 2019 à 11h40, Updated on 10 May 2019 à 16h26

Reading time: 1 minute

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Publication

16 January 2019 à 11h40

Updated on 10 May 2019 à 16h26

Reading time

1 minute

Publication: 16 January 2019 à 11h40, Updated on 10 May 2019 à 16h26

Reading time: 1 minute

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The German discounter has made losses for the first time in its home market, selling via 2,300 stores. Turnover was only up by 1%, well below the planned rate of 4% growth. In 2017, Aldi Nord (already operating in 9 countries including France, Spain, Belgium and The Netherlands) announced an investment of over €5 billion into the company up to 2020. New C.E.O. Torsten Hufnagel succeeded Marc Heussinger in late September and is seeking further funds to return the business to profitability.

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