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“The Rise of Lidl: From Humble Beginnings to a Global Giant”

The currently largest discount chain empire in the world had its humble beginnings in 1973; The first Lidl branch opened in Ludwigshafen-Mundenheim. It soon happened in quick succession: more and more branches were added. With currently around 3200 branches, the food retailer is one of the leading retail companies in Germany. And to the largest employers: Around 93,000 employees are on the payroll of the discounter. Lidl reports this in press releases.

Lidl alone makes a good 100 billion euros in sales every year

The worldwide turnover of Lidl alone was in 2021 100.8 billion eurosan increase of 4.7 percent compared to the previous year 2020.

In the 50 years since it was founded, Lidl has come a long way. And use innovative solutions for growth – such as the launch of the Lidl online shop in 2008. Since 2010, customers have found bakery shops in the branches.

The discounter Lidl is the largest part of the assets of the Schwarz Group. Then there are the Kaufland stores.

The seven major milestones in the history of Lidl

  • 1930: I n Neckarsulm, Lidl & Schwarz KG is founded as a food wholesaler. The international Lidl headquarters are still located there today.
  • 1973: first Lidl branch in Ludwigshafen-Mundenheim
  • 1989: Lidl goes international and opens its first branch in France.
  • 2003: Lidl employs around 80,000 people across Europe.
  • 2008: Start of the Lidl online shop.
  • 2010: Each employee receives at least 10 euros per hour.
  • 2017: The discounter opens its first branches in the USA.

Dieter Schwarz has assets of around 43 billion euros

The US magazine “Forbes” lists the richest people in the world every year. In the list for 2022, Dieter Schwarz came with around 43 billion euros Fortune ranked number 1 in Germany. Statisa lists the other super-rich Germans in a current ranking. Estimated assets are in dollars.

  • Klaus Michael Kuehne majority owner of the logistics service provider Kühne + Nagel International AG, approx. 33.8 billion dollars (approx. 31 billion euros)
  • Roland Wuerth and family, screw trading company Würth, 30.2 billion
  • Stephen Quandt , BMW-major shareholder, 25.1 billion
  • Susanne Klatten (Stefan Quandt’s mother), major shareholder of BMW, 24.1 billion
  • Theo Albrecht Jr. and family (Aldi North), 16.5 billion
  • Karl Albrecht Jr. and family e (Aldi Süd), 15.9 billion
  • Beate Heister co-owner of Aldi Süd, 15.9 billion
  • Andreas Strüngmann and family founder of the pharmaceutical company Hexal, 10.4 billion
  • Thomas Strüngmann and family Hexal co-founder, 10.4 billion

2023-05-17 11:49:42
#major #milestones #history #Lidl

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