Aldi
Two German multinational discount supermarket chains
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Key Takeaways
- doing business as Aldi , (German pronunciation: [ˈaldiː] , stylized in all caps) is the common company brand name of two German multinational family-owned discount supermarket chains operating over 13,400 stores in 18 countries.
- The business was split into two separate groups in 1960 that later became Aldi Nord (initially Northern West Germany), headquartered in Essen, and Aldi Süd (initially Southern West Germany), headquartered in neighbouring Mülheim.
- In Germany, Aldi Nord and Aldi Süd have been financially and legally separate since 1966, although both divisions' names may appear as if they were a single enterprise with certain store brands or when negotiating with contractor companies.
- Ownership Aldi Nord Aldi Nord is wholly owned by the "Markus-Stiftung", the "Jacobus-Stiftung" and the "Lukas-Stiftung" (together 100 %), (so-called "Doppelstiftungsmodell") which are headquartered in Nortorf in the district of Rendsburg-Eckernförde in Schleswig-Holstein.
- The foundations assets include the business in Germany with 23 regional companies and 7 foreign companies in Belgium, Netherlands, France, Luxemburg, Poland, Portugal, Spain and Trader Joe's in the United States.
Aldi Inc. doing business as Aldi, (German pronunciation: [ˈaldiː] , stylized in all caps) is the common company brand name of two German multinational family-owned discount supermarket chains operating over 13,400 stores in 18 countries. The chain was founded by brothers Karl and Theo Albrecht in 1946, when they took over their mother's store in Essen. The business was split into two separate groups in 1960 that later became Aldi Nord (initially Northern West Germany), headquartered in Essen, and Aldi Süd (initially Southern West Germany), headquartered in neighbouring Mülheim.
In 1962, they introduced the name Aldi (a syllabic abbreviation for "Albrecht Diskont"). In Germany, Aldi Nord and Aldi Süd have been financially and legally separate since 1966, although both divisions' names may appear as if they were a single enterprise with certain store brands or when negotiating with contractor companies.
Aldi is the chief competitor of the German discount chain Lidl in several markets.
Ownership
Aldi Nord
Aldi Nord is wholly owned by the "Markus-Stiftung", the "Jacobus-Stiftung" and the "Lukas-Stiftung" (together 100 %), (so-called "Doppelstiftungsmodell") which are headquartered in Nortorf in the district of Rendsburg-Eckernförde in Schleswig-Holstein. The foundations are foundations under civil law. The foundations assets include the business in Germany with 23 regional companies and 7 foreign companies in Belgium, Netherlands, France, Luxemburg, Poland, Portugal, Spain and Trader Joe's in the United States. In the real estate sector, the company owns the group headquarter in Essen, all offices and warehouse buildings of the regional companies worldwide, and over 5,300 buildings in which stores are located. The group is considered almost debt-free.
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