Saturday 23 September 2017

Aldi report says chain has invested more than €1.2bn in Irish economy

John Mulligan

John Mulligan

German retailer Aldi has invested more than €1.2bn in the Irish economy since it entered the market in 1999.

In a new economic report prepared by consultancy firm Cebr and published by the shopping chain this morning, it’s also estimated that Aldi contributed to the generation of more than €1bn to Ireland’s gross domestic product last year through job creation, buying goods and services from Irish suppliers, tax contributions and capital investment.

The report predicts that the figure will increase to €1.2bn per annum by 2020 as Aldi expands its footprint in Ireland.

The chain currently has 129 stores in Ireland, as well as regional distribution centres in Naas and Mitchelstown. It employs 3,200 people in Ireland, compared to 700 in 2005.

Last year, Aldi said it planned to open an additional 20 stores in Ireland by 2019, creating an additional 400 jobs in a €100m investment.

Aldi Ireland group managing director Giles Hurley said that the chain now works with 175 Irish businesses, and spent more than €700m with those firms last year.

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