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Aldi (stylised as ALDI [6]) (German pronunciation: ⓘ) is the common company brand name of two German multinational family-owned discount supermarket chains operating over 12,000 stores in 18 countries. [7] [8] The chain was founded by brothers Karl and Theo Albrecht in 1946, when they took over their mother's store in Essen.
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Aldi has a low-cost business model and boasts that its prices are up to 50% cheaper than traditional supermarkets. At around 12,000 square feet, its stores are much smaller than a typical US ...
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.
First Aldi store in Schonnebeck, Essen. Karl and Theo Albrecht were born and raised in a Catholic [3] family in modest circumstances in Essen, Germany.Their father, Karl Sr., worked as a miner and later as a baker's assistant, [4] while their mother Anna (née Siepmann) ran a small grocery store in the workers' quarter of Schonnebeck [], a suburb of Essen.