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Trader Joe's is an American grocery store chain headquartered in Monrovia, California, with 571 locations across the US. [3] The first Trader Joe's store was opened in 1967 by founder Joe Coulombe in Pasadena, California.
Oct 3, 2023 · Trader Joe’s and Aldi are not owned by the same company. The two grocery chains have separate ownership groups. However, there is a historical connection through the Albrecht family, who founded Aldi.
- A Brief History of Aldi
- Aldi Comes to America
- How Aldi and Trader Joe’s Are Related
- How Trader Joe’s Fits Into Aldi
The company we know now as “Aldi” was founded in Essen, Germany in the early 1900s by a woman named Anna Albrecht. Anna and her husband, Karl Sr., had two sons, Karl Albrecht and Theo Albrecht. After World War II, the two sons took over their mother’s grocery company, and by the 1950s they had expanded it into a chain of a dozen supermarkets under ...
In 1976, Aldi Süd established the first Aldi stores in the United States and grew rapidly across the country. But America was the largest country Aldi had ever expanded into, and it was clear there was room for both Aldi Süd and Aldi Nord to operate. Aldi Nord owner Theo Albrecht, however, did not appear interested in opening Aldi Nord stores here....
Keep in mind that Nord and Süd are separate companies that often work together. Does that make Aldi US and Trader Joe’s brothers? The answer is no. A while back, we reached out to Trader Joe’s and asked about its relationship to Aldi. A Trader Joe’s representative told us, “Trader Joe’s and Aldi Nord operate independently.” This makes sense: Trader...
Because Aldi is a private company, outsiders have no way of knowing how much money the company makes, or how that money is made, unless the company reveals it. Aldi is pretty secretive about those things. So we don’t know how the profits, for example, from Trader Joe’s flow up to Aldi Nord, although we assume that at least some of the money made at...
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.
Sep 10, 2019 · 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:...
- Henry Blodget
Dec 7, 2023 · As for Aldi Nord (which runs the Aldi locations in countries such as Belgium, France, the Netherlands, Poland, and Spain), it most importantly is the company we can thank for Trader Joe’s; Aldi...
May 7, 2022 · In 1979, Coulombe sold Trader Joe’s to the family of Theo Albrecht, then the owner of the Aldi grocery chain in Europe. ( Aldi in the United States is separately owned by the family of Theo...
