Lidl and Kaufland make more sales

The Schwarz Group with its supermarket chains Lidl and Kaufland grew significantly in the past 2020/21 financial year. Revenues climbed to 125,3 billion euros after 114,3 billion euros in the same period last year, as the company announced on Thursday. The Schwarz Group did not want to give reasons for the increase in sales upon request. The company employs around 500 people worldwide. The two retail divisions Lidl and Kaufland alone have more than 000 branches. Kaufland increased store sales in the past financial year by 12 percent to 900 billion euros and Lidl achieved a sales increase of 7,5 percent to 25,5 billion euros in the same period. The environmental service provider Prezero also increased its revenues by 9,9 percent to around 96,3 million euros. Just recently, the previous head of the Schwarz Group, Klaus Gehrig, surprisingly announced that he would resign. His current deputy, 33,7-year-old Lidl boss Gerd Chrzanowski, is to be his successor. The succession plan was announced last year. According to earlier information, owner Dieter Schwarz wants to take on the general partner's function, which Gehrig has vacated, until Chrzanowski can take over the mandate.

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