Aldi is a German-based discount supermarket chain that has over 10,000 stores in 20 countries, and is the leading global discount supermarket chain. Aldi’s name is an abbreviation of the German phrase Albrecht Diskont, which translates to “Albrecht Discount”.
Aldi was founded in 1946 by brothers Karl and Theo Albrecht, who took over their mother’s grocery store in Essen, Germany. The Albrecht brothers expanded the company rapidly, and by 1960, there were 300 Aldi stores across Germany. In 1961, Aldi opened its first international store in South Africa.
Aldi follows a simple business model: offer a limited selection of high-quality products at low prices. This strategy has helped Aldi become one of the most successful supermarket chains in the world.
What does Aldi stand for?
Aldi stands for Albrecht Discount.
