World Business NewsA round up of the latest news for those doing business internationally
Lidl owner to be biggest grocery retailer in Western Europe by 2018
Zone(s): Europe ¦ Sector(s): Economy (Retail)
With Schwarz Group only marginally behind Carrefour in retail banner sales for 2013, at €64.6bn (£51.6bn) compared to €65bn, Schwarz could be set to overtake Carrefour as the leading grocery retailer in Europe within the next 12-18 months, David Gray, retail analyst at Planet Retail, told City A.M.
The report also predicted that rival Aldi would rise from its current 6th position to 4th by 2018, as discount grocery retailers continue to increase market share and put further pressure on the big players such as Carrefour and Tesco.