Schwarz Group, which includes the food retailers Lidl and Kaufland, continued to grow in the 2022 financial year. The group increased sales by 15.4 percent year-on-year across all business areas to 154.1 billion euros.
CEO Gerd Chrzanowski invested around 8 billion euros in the brick-and-mortar business – but above all in strategic projects and digital business areas. He wants to turn the retailer into a conglomerate that fends off hacker attacks, stores data and researches artificial intelligence.