Aldi is a German supermarket chain that operates over 10,000 stores in 20 countries, including more than 1,600 in the United States. The company was founded by brothers Karl and Theo Albrecht in 1946 when they took over their mother’s store in Essen, Germany. Aldi is known for its low prices and no-frills approach to shopping.
Aldi’s parent company is Schwarz Group, which also owns the German discount store chain Lidl. Schwarz Group is the world’s largest privately-owned retailer with sales of over $100 billion. The company is headquartered in Neckarsulm, Germany.
Aldi has been expanding rapidly in recent years, particularly in the United States. The company plans to open 2,500 new stores in the U.S. by 2022.
Aldi’s US expansion is part of a larger trend of German discount grocery stores expanding internationally. Lidl, Aldi’s main competitor, has also been expanding rapidly in the United States.
Aldi’s no-frills approach to retailing means that the company does not accept manufacturer coupons and does not have a loyalty program. Aldi also sells a limited selection of items, which helps keep costs down. This strategy has proven to be successful, as Aldi is one of the fastest-growing grocery chains in the world.
The Albrecht brothers are notoriously private and do not give interviews or grant media access to their stores. However, they are known to be generous philanthropists and have donated billions of dollars to charitable causes over the years.
So who exactly owns Aldi? The answer is two German billionaires who are brothers and also happen to be among the richest people in the world: Karl and Theo Albrecht.
