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Theo and Karl Albrecht split the Aldi Company they founded in 1960 after a dispute about whether to sell cigarettes. [8] The supermarket divided into two legally separate operating units with two distinct geographical locations. Theo's Aldi Nord set to operate in the north of Germany, while Karl's Aldi Süd set to operate in Germany's south. [9]
Aldi Süd revealed expansion plans in 2015, and expanded into the Southern California market, where Aldi Nord's Trader Joe's is based. [54] Reports in August 2019, stated that the company was in the process of using a $3.4 billion investment in order to expand to 2,500 stores in the country by the end of 2022.
Theodor "Theo" Albrecht Jr. (born 1950) is a German billionaire businessman, the owner of Trader Joe's and Aldi Nord, and the son of Aldi's co-founder. As of July 2021, Albrecht's net worth is estimated at US$20.6 billion.
In the 1970s, Karl Albrecht ventured overseas and opened the first U.S. Aldi store in Iowa, while his brother purchased California-based Trader Joe’s. Aldi the Fierce and Good
Trader Joe's offers a pack of a dozen corn tortillas for $2.50, whereas Aldi sells a 20-pack of flour tortillas for $2. This was one of the starker differences of the trip. This was one of the ...
Clean Up on Aisle 12. Customers can buy quinoa at Trader Joe's for half the price they would pay at Whole Foods Market. Customers are promised up to 50% savings by buying daily necessities at Aldi.
A Trader Joe's store in Cobble Hill, Brooklyn, New York, built in a converted bank building. As of January 1, 2025, Trader Joe's had 593 stores across 43 states as well as the District of Columbia in the United States with stores being added regularly. [23] Most locations averaged between 10,000 sq ft (930 m 2) and 15,000 sq ft (1,400 m 2
The German grocer is trying to give Aldi and Trader Joe's a run for their money. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 more ...