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United States: Aldi Acquires Nearly 400 Supermarkets

Aldi explains that it first set foot in the southeastern United States in the mid-1990s and has since invested $2.5 billion there. It plans to open about twenty stores under its banner by the end of the year.

The low-cost retail chain Aldi has announced an agreement to acquire nearly 400 stores located in the southeastern United States, operating under the banners Winn-Dixie and Harveys Supermarket. This expansion is part of its growth strategy in the United States, where Aldi has been present since the 1990s and has already invested $2.5 billion. With this transaction, Aldi plans to add 120 additional stores across the country starting this year. Aldi's CEO, Jason Hart, emphasized that this expansion will allow residents of the southeastern region to save on their supermarket expenses. The operation is expected to be finalized in the first half of 2024, subject to regulatory approvals. This external growth initiative is unusual for Aldi, which typically favors organic growth. Analysis suggests that this acquisition could be a relief for Southeastern Grocers, which has struggled for years, and will enable stores under Aldi's guidance to benefit from additional funding and a more efficient supply chain. As a German-origin discount retail group, Aldi is present in several European countries as well as in China, Australia, and the United Kingdom.

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