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Aldi Nord opened its first stores abroad in the Netherlands in 1973, [28] and other countries followed. In 1976, Aldi Süd opened its first store in the United States in Iowa, [a] [30] [31] and, in 1979, Aldi Nord acquired Trader Joe's. [15] After German reunification and the fall of the Iron Curtain, Aldi experienced a rapid expansion. The ...
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.
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]
The brothers split the company in 1960 over a dispute about whether to sell cigarettes, forming Aldi Nord and Aldi Süd which became financially and legally separate in 1966. They started expanding internationally in 1967, with Aldi Süd acquiring the grocery chain Hofer in Austria and Aldi Nord opening its first stores abroad in the ...
The first Trader Joe's store was opened in 1967 by founder Joe Coulombe in Pasadena, California. [4] [5] In 1979, the chain was sold to Aldi founder Theo Albrecht, [6] who owned it until his death in 2010; ownership passed to his heirs. [7] The company operates offices in both Monrovia, California, and Boston, Massachusetts but remains German ...
Beate Heister (first cousin) 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.
Berthold Albrecht (first cousin) Karl Hans Albrecht Jr. (born 1948) is a German billionaire, and the son of Karl Albrecht , who founded the discount supermarket chain Aldi with his brother Theo . Albrecht worked for Aldi Süd in various roles until his resignation due to a cancer diagnosis (from which he subsequently recovered).
The first Lidl discount store was opened in 1973, copying the Aldi concept. [11] Schwarz rigorously removed merchandise that did not sell from the shelves, and cut costs by keeping the size of the retail outlets as small as possible. By 1977, the Lidl chain comprised 33 discount stores. Lidl opened its first UK store in 1994. [12]