Lidl Acquires 27 Northeast Grocery Stores In Best Market Buy
German grocer Lidl is continuing to grow its presence on the East Coast with a new acquisition.
The company announced Friday it acquired Long Island-based Best Market and its 27 grocery stores in New York and New Jersey.
Next year, Lidl will begin remodeling and rebranding the Best Market stores to its own brand. The company said it is offering employment opportunities to all of Best Market's existing workers.
Lidl operates over 10,000 stores across 29 countries, largely in Europe and Asia. It broke into the U.S. in 2015 when it acquired a building for its U.S. headquarters in Arlington, Virginia, roughly 1 mile from the site Amazon selected last week for half of its HQ2.
In June 2017, Lidl opened its first 10 U.S. stores in Virginia, North Carolina and South Carolina. The company now has more than 50 stores across seven East Coast states from New Jersey to Georgia.
"We are excited to expand into many great communities on Long Island and across the New York City area and introduce more customers to our simple and efficient approach to grocery shopping, which will mean high quality and huge savings for more shoppers," Lidl CEO Johannes Fieber said in a release.