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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.
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. [26] Most locations averaged between 10,000 sq ft (930 m 2) and 15,000 sq ft (1,400 m 2
Aldi Nord also owns the Trader Joe's grocery chain in the United States, which operates separately from the group. [ 14 ] [ 15 ] Aldi is the chief competitor of the German discount chain Lidl in several markets.
U.S. stores, including the new Winn-Dixie and Harveys stores, are operated by Aldi Süd. Aldi Nord also owns Trader Joe's. Aldi U.S. is based in Batavia, Illinois.
Aldi Owns Trader Joe's. America is the only place the two Aldi companies compete: Aldi Süd owns Aldi-branded stores here; Aldi Nord bought the Trader Joe's chain in 1979, when it had only 18 ...
People love shopping at Trader Joe’s, ... Read on for a sampling of tidbits we learned about the Aldi-owned chain of nearly 550 stores where employees wear Hawaiian shirts (and, yes, we’ll ...
Aldi – Owned by Aldi Süd; Big Lots; ... Trader Joe's - Owned by Aldi Nord; Whole Foods – Sold To Amazon in 2017; Fresh Thyme Market; Natural Grocers; Defunct chains
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]