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Lidl preparing 'scenarios' in event of Brexit

Discount supermarket Lidl has revealed it is drawing up plans to protect itself from a potential Brexit scenario, just days after a trio of former supermarket bosses warned that leaving the EU would hit shoppers hard.

The German firm said it had "closely monitored recent discussions" and was "preparing various scenarios" to deal with the outcome of the EU referendum on June 23.

But the firm - which announced in November that it would plough £1.5bn into opening and refurbishing stores over the next three years - said "ongoing operations" would not be impacted, regardless of the referendum result.

A spokesman for Lidl said: "We are not a political organisation and, as such, the decision must lie with the British public. However, we have closely monitored discussions around a potential departure from the European Union.

"We are preparing various scenarios to allow us to adapt to any potential consequences for our business. We will make sure that our ongoing operations remain unaffected."

Belfast Telegraph