Who is Trader Joe's brother?

Trader Joe's is a perfectly fine grocery store. But Aldi, its estranged brother, is great.

Are Aldi and Trader Joe's owned by brothers?

ALDI and Trader Joe's don't share the same parent company, have no joint ownership, and are independently operated. But, the two stores do share a common family heritage. The original ALDI (at the time, Albrecht Diskont) opened back in the early 1900s as a single German grocery store.

What does the Albrecht family own?

The family behind Aldi and Trader Joe's, the Albrechts, are well known as one of Europe's richest families. Aldi stores boasted global sales of over $30 billion in 2018 in Germany, while the U.K. has emerged as another massive market for Aldi at $12 billion in sales.

Does Walmart own Trader Joe's?

grocery chains aren't technically in cahoots. Aldi Nord owns Trader Joe's in the States, but the Aldi stores that you see in the States are run by Aldi Süd, which is separate from Trader Joe's. The chains are kind of like estranged cousins.

Why did the Aldi brothers split?

The brothers split the company in 1960, over a dispute about whether they should sell cigarettes. Karl believed they would attract shoplifters while his brother did not. At the time, they jointly owned 300 shops with a cash flow of DM90 million yearly.

The Weird, But True Story Behind The Brothers Who Started Aldi

How much is the Albrecht family worth?

The Albrecht family, who own Aldi and Trader Joe's, has been historically secretive, and there is a lot that's unknown about their personal lives. What is known, however, is their net worth: $53.5 billion, according to Forbes.

What does Albrecht mean in German?

Albrecht ("noble", "bright") is a given name or surname of German origin and may refer to: Albrecht. Albrecht Dürer.

Are Aldi and Lidl brothers?

Aldi was formed in 1913 after the mother of the two brothers started a small store in Essen. The company was spilt in 1960 over a row if cigarettes should be sold at till or not. Lidl was formed in 1930, much later than Aldi.

Who owns Aldi's?

Aldi Süd, known as Aldi in the United States, is formally owned by ALDI SÜD GmbH & Co. oHG. After Karl Albrecht passed away in 2014, ownership was passed to his two children, Beate Heister and Karl Albrecht Jr. Beate and Karl Jr., are worth approximately $36 billion.

What does Aldi mean in German?

“Albrecht-Diskont,” meaning “Albrecht's Discount.” The name was eventually shortened to Aldi (Albrecht-Diskont) in 1962.

What's the difference between Aldi and Trader Joe's?

Aldi is for customers looking for major savings and the absolute lowest grocery prices, and Trader Joe's is for customers willing to pay a premium for specialized products. Both chains use their private-label brands in pursuit of these distinct groups of shoppers.

When did Aldi buy Trader Joe's?

In 1979, Theo's Aldi Nord bought a small California grocery chain called Trader Joe's reportedly because liked the chain's commitment to low prices and the stores' loyal customer base, according to Fortune.

What nationality is surname Albrecht?

German: from the personal name, composed of Germanic adal 'noble' + berht 'bright', 'famous'. Compare Albert. This surname is also found in Slovenia, also in the Slovenized form Albreht.

Was the owner of Aldi kidnapped?

Kidnapping. In 1971, Albrecht was kidnapped for 17 days. A ransom of seven million German marks (approximately USD $2 million at the time) was paid for his release. He was held at gunpoint by Heinz-Joachim Ollenburg, a lawyer, and his accomplice Paul Kron.

Who are Lidl and Aldi owned by?

Headquartered in Neckarsulm, Baden-Württemberg, the company belongs to the Schwarz Group, which also operates the hypermarket chain Kaufland. Lidl is the chief competitor of the similar German discount chain Aldi in several markets.

What is Trader Joe's net worth?

The Albrecht family also owns the popular grocery store Trader Joe's, which has nearly 500 stores in the U.S. and $13 billion in annual revenue. The Albrecht family has a net worth of $38.8 billion, making them the 11^th wealthiest family in the world.

Do Aldi and Trader Joe's carry the same products?

They are different companies entirely, with different logos, but a very similar shopping experience. The funny thing is… when you go to a Trader Joe's in the U.S., some of the names of Trader Joe's house brand are funny takes on the origin of the products, like Trader Jose, or Trader Giotto.

Is Whole Foods owned by Aldi?

Since Aldi has aggressive growth plans and the grocery sector is especially competitive following Amazon's acquisition of Whole Foods, the German grocer is making a play to expand its natural and fresh food selection by 40 percent.

What does the name Aldi stand for?

Advertisement. Calm your hormones, meine Schatzis: Aldi, which is short for Albrecht Discount, is the American incarnation of a German grocery chain that is so ubiquitous in the Vaterland that almost 90 percent of Germans shop there.