German discount grocery chain Aldi North is planning to spend more than 5 billion euros ($5.71 billion) to revamp its stores around the world, which would be its biggest investment project ever, German weekly Bild am Sonntag reported, citing company sources.
Aldi and its German discounter rival Lidl have become giants in European retail, upending Britain's grocery retail market, and are challenging U.S. retailers as well.
Aldi North's sister chain Aldi South announced plans last month to invest $3.4 billion to expand its U.S. store base to 2,500 by 2022, raising the stakes for rivals caught in a price war.
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