Rewe CEO Lionel Souque expects the company to become the second largest grocery retailer in Europe, overtaking Carrefour and Aldi. In the past financial year, it cracked the sales mark of 75 billion euro for the first time. This leaves the company at quite a distance from the number one in Europe, Lidl owner Schwarz group, which achieved sales of over 110 billion euros.
Rewe’s considerable sales growth last year is partly due to the takeover of wholesaler Lekkerland that accounted for 12 billion euros of the growth. Lekkerland is specialised in the convenience sector and operates in five European countries.