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Aldi
Aldi (German pronunciation: [ˈaldiː] ⓘ), styled as ALDI, 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.
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.[citation needed]
Aldi Süd is wholly owned by the "Siepmann-Stiftung" (75 %), the "Oertl-Stiftung" and the "Elisen-Stiftung" (together 25 %), (so-called "Doppelstiftungsmodell"), which are headquartered in Eichenau in the district of Fürstenfeldbruck in Bavaria. The foundations are considered such under civil law. The foundation's assets include the business in Germany with 24 regional companies and 10 foreign companies in Australia, Austria, China, Hungary, Ireland, Italy, Slovenia, Switzerland, the United Kingdom and the United States. In the real estate sector, the company owns the group headquarters in Mülheim, all offices and warehouse buildings of the regional companies worldwide, the golf hotel Öschberghof in Donaueschingen, and over 5,000 buildings in which stores are located. The group is considered debt-free.[citation needed]
In 1913, Karl and Theo Albrecht's mother opened a small store in a suburb of Essen, Germany. Their father was employed as a miner and, after asthma forced him to quit said job, later found work as a baker's assistant. Karl and Theo were born in 1920 and 1922, respectively. Theo Albrecht completed an apprenticeship in his mother's store, while Karl Albrecht worked in a delicatessen.[citation needed]
Karl Albrecht took over a food shop formerly run by F. W. Judt, and he later served in the German Army during World War II. In 1945, the brothers took over their mother's business and soon opened another retail outlet nearby. By 1950, the Albrecht brothers owned 13 stores in the Ruhr Valley.
The brothers' idea was to subtract the legal maximum rebate of 3% before sale. The market leaders at the time, which often were co-operatives, required their customers to collect rebate stamps and to send them at regular intervals to reclaim their money. The Albrecht brothers also rigorously removed merchandise that did not sell from their shelves, cutting costs by neither advertising nor selling fresh produce, and keeping the size of their retail outlets small. By 1960, 300 stores were in Germany.
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Aldi
Aldi (German pronunciation: [ˈaldiː] ⓘ), styled as ALDI, 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.
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.[citation needed]
Aldi Süd is wholly owned by the "Siepmann-Stiftung" (75 %), the "Oertl-Stiftung" and the "Elisen-Stiftung" (together 25 %), (so-called "Doppelstiftungsmodell"), which are headquartered in Eichenau in the district of Fürstenfeldbruck in Bavaria. The foundations are considered such under civil law. The foundation's assets include the business in Germany with 24 regional companies and 10 foreign companies in Australia, Austria, China, Hungary, Ireland, Italy, Slovenia, Switzerland, the United Kingdom and the United States. In the real estate sector, the company owns the group headquarters in Mülheim, all offices and warehouse buildings of the regional companies worldwide, the golf hotel Öschberghof in Donaueschingen, and over 5,000 buildings in which stores are located. The group is considered debt-free.[citation needed]
In 1913, Karl and Theo Albrecht's mother opened a small store in a suburb of Essen, Germany. Their father was employed as a miner and, after asthma forced him to quit said job, later found work as a baker's assistant. Karl and Theo were born in 1920 and 1922, respectively. Theo Albrecht completed an apprenticeship in his mother's store, while Karl Albrecht worked in a delicatessen.[citation needed]
Karl Albrecht took over a food shop formerly run by F. W. Judt, and he later served in the German Army during World War II. In 1945, the brothers took over their mother's business and soon opened another retail outlet nearby. By 1950, the Albrecht brothers owned 13 stores in the Ruhr Valley.
The brothers' idea was to subtract the legal maximum rebate of 3% before sale. The market leaders at the time, which often were co-operatives, required their customers to collect rebate stamps and to send them at regular intervals to reclaim their money. The Albrecht brothers also rigorously removed merchandise that did not sell from their shelves, cutting costs by neither advertising nor selling fresh produce, and keeping the size of their retail outlets small. By 1960, 300 stores were in Germany.
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