Aldi set up its first two Australian stores in Marrickville and Bankstown three years ago.(2001) It now has about 56 stores, most in NSW. (2004)Originally Posted by DICER
Most shoppers probably know two things about Aldi supermarkets — they are from Germany and they promise “everyday low prices”.
From running their mother’s corner shop at the end of World War II, brothers Karl and Theo Albrecht today command the Aldi empire with a US$50 billion turnover and more than 6500 stores worldwide.
The Aldi chain began in 1960, then was split the next year into Karl’s Aldi Sud, covering the southern half of Germany, and the younger Theo’s Aldi Nord in the north.
Then they moved on to divvy up the world market. While over half the 6500 Aldi stores are in Germany, they can also be found in 13 countries across Europe, the USA and Australia. China is now in their sights.
Karl Albrecht is worth a staggering US $23 billion, making him one the world’s top five richest people. Theo Albrecht is only worth around US $3 billion.