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Wednesday, August 04, 2010

Good article on ALDI, the discount grocery empire

There’s an interesting article on ALDI, the secretive discount grocery chains with $54 billion euros in annual sales. ALDI companies have 1391 stores in the US under ALDI and Trader Joe’s banners, and about 7700 stores in Europe.

 

http://www.spiegel.de/international/business/0,1518,709937,00.html

 

The occasion of the article is the death of Theo Albrecht, one of the two brothers who control the companies.  ALDI is famously secretive, a tendency perhaps encouraged by Theo’s experience being kidnapped and held for 17 days in 1971.