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Lidl reports £13.6m annual loss in first separate accounts for GB business

Lidl has reported a £13.6m loss in the first full-year separate accounts for its GB operation.
The loss after tax came as Lidl GB invested £654m in growing the business in the year ending 29 February 2020, the accounts reveal.
The results are the first to be published following a group reorganisation to consolidate Lidl’s UK registered entities. It saw assets of the British branch of Lidl UK GmbH and all shares in Lidl UK Assets GmbH transferred to Lidl Great Britain Ltd.
It means Lidl Great Britain Ltd’s latest results are non-comparable with the previous year’s, when the company dealt mainly with payroll operations, according to Lidl GB CEO Christian Härtnagel. ....

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