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Seven Days: 10 February 2017

Seven Days: 10 February 2017

Aldi's march

Land grab

Discount supermarkets are increasingly the scourge of their larger rivals – and German retailer Aldi has hit a new milestone. It now boasts a 6.2 per cent share of the UK grocery market, just ahead of Co-op on 6 per cent, and has entered the top five names for the first time. Kantar Worldpanel data shows that only a decade ago Aldi was the 10th-largest food retailer, with less than 2 per cent market share. The announcement came on the day Co-op chief executive Richard Pennycook stepped down suddenly. Steve Murrells, head of its food business, will take the reins.

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