Rich Multinational Supermarket Lidl Gets Nearly $1 Billion in Handouts

‘One of Europe’s biggest discount supermarket chains, Lidl, has been handed nearly $1 billion in funding from the World Bank and the European Bank for Reconstruction and Development (EBRD), effectively receiving government-backed funding.
Lidl has received nearly $1 billion from both institutions in loan funding to expand its operations in Eastern Europe.

Owned by the Schwarz Group, Lidl is Germany’s richest private family-owned German retail group, which owns and operates both the Lidl and Kaufland brands. The group achieved a turnover of $75 billion (€67.6 bn) in 2012/2013. It operates over 10,000 branches across 20 countries.’

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