Germany-based supermarket chain Aldi has made a bold entry into fashion by launching a credit-crunch busting GBP25 (US$44.1) suit for the UK marketplace.

The discount retailer, which mainly sells groceries, said its machine-washable suit is designed for savvy businessmen and office workers feeling the pinch.

Along with fellow discounter Lidl, Aldi continues to gain share of the UK grocery market, with the two chains accounting for 5.9% of the UK grocery market, according to research analysts TNS.

The company's 'credit crunch suit' includes trousers costing GBP7.99 and a jacket priced at GBP16.99.

It said that the pinstripe suit is durable and unlike most cheap suits is not 100% polyester. Instead, it is a blend of 65% polyester and 35% viscose.

Aldi has over 375 stores in the UK, including 36 in Scotland and 37 in Wales.