Karl and Theo took over the family business in 1946, decades after Mrs. Albrecht opened that small store in 1913.
The brothers operated that small store, known as Albrecht grocery store, and eventually grew their grocery chain to more than 300 locations.
Karl and Theo Albrecht were both involved in the ownership of Aldi until their deaths.
Who Owns Aldi Grocery Stores?
Older brother, Karl, ran Aldi Süd until his death in 2014 at 94. Younger brother, Theo, ran Aldi Nord until his death in 2010 at 88.
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.
Aldi Nord, known as Trader Joe’s in the United States, is formally owned by ALDI Einkauf GmbH & Co. oHG. After Theo Albrecht passed away in 2010, ownership was passed to his children and grandchildren.
If you’ve been following closely, you’ve probably already concluded that Aldi or Trader Joe’s are not publicly-traded companies.