Grocery retailer ALDI to withdraw from Greece

07/19/2010 | Australian Food News

ALDI, the German discount grocery retailer, is in talks to sell its 38 stores in Greece as it makes its first market exit ever. "ALDI has had problems from the beginning. It could not find reasonably priced plots. It was opening stores close to Schwarz Group's Lidl but was not able to compete on price," said Milos Ryba, an analyst at Planet Retail.

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