• <a fr-original-style="" href="https://www.reuters.com/world/uk/british-supermarkets-confront-their-german-discounting-demons-2023-02-22/" rel="noopener noreferrer" style="color: rgb(9, 9, 9); text-decoration: none; background-color: transparent; outline: none; cursor: pointer; transition: color 0.3s ease 0s; touch-action: manipulation; user-select: auto; box-sizing: border-box;" target="_blank">British shoppers</a>, affected by the cost-of-living crisis, flocked to German-owned discount stores Aldi and Lidl over the Christmas period, switching about £58 million (€66 million) of purchases to Lidl from Tesco and Sainsbury's, according to Lidl GB CEO Ryan McDonnell.<ul fr-original-style="padding-inline-start: 20px;" style="padding-inline-start: 20px; margin-top: 0px; margin-bottom: 1em; list-style-position: inside; box-sizing: border-box;"><li fr-original-style="" style="box-sizing: border-box;">Bottom line: The discounters' size guarantees better terms when negotiating supplier deals, while they are also able to take a longer-term view on profit because they are privately owned and do not have to worry about shareholder returns or stock prices, Reuters reports.</li></ul>

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