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.
In the U. S, Trader Joe’s has been owned by Aldi Nord since the late 1970s, while ALDI stores in the U. Launched under the ownership of Aldi Süd in the mid-70s. The chains have always operated completely independently of one another, and have never shared joint ownership — so are maybe better referred to as distant cousins?
So, the common myth runs that ALDI is the same as Trader Joe’s, just operating under a different name. ALDI and Trader Joe’s don’t share the same parent company, have no joint ownership, and are independently operated.
As far as the Aldi Trader Joe’s rumor, it started because of Karl and Theo Albrecht, brothers from Essen, Germany that grew their mother’s local grocery to a chain of more than 300 discount food stores by 1960. The chain ultimately became Aldi – a shortened version of Albrecht and Discount.
Is Aldi owned by Aldi?
The brothers had a falling out over the sale of cigarettes in their stores and eventually, the company was split into Aldi Sud (south) and Aldi Nord (north). Karl took Aldi Sud and Theo owned Aldi Nord. Both companies expanded and in 1976 Aldi Sud opened the first Aldi in the United States. Private ownership by Aldi Sud remains to this day.
One of the next things we asked ourselves was are Aldi and Aldi owned by the same company?
While the two chains have some similarities, with both following a low-price, private-label-dependent strategy, they are independently owned and operated. The confusion arises from the fact that their ownership groups, currently separate, have a shared history. The first Aldi grocery store, Albrecht Diskont, opened in Germany in the early 1900s.
Another common question is “Where does Aldi come from?”.
So we did our own digging. Aldi began as a single grocery store in Germany in the early 1900s. Decades later, the owner’s two sons expanded the one family owned and operated store into a chain of hundreds.
In the United States, Aldi Süd founded the first American Aldi store in Iowa in 1976 and now owns all U. S. Aldi locations. A local management group is responsible for Aldi Süd’s 1,800 U., and stores.
What is known, however, is their net worth: $53.5 billion, according to Forbes. After World War II, brothers Theo and Karl Albrecht found their mother’s corner grocery store in Germany still standing — so they ran with it, transforming Aldi into an international supermarket chain .
Is Trader Joe’s gluten free bread more expensive than Aldi?
While at first glance it may appear that gluten free bread is more expensive at ALDI, theirs is a 20 oz loaf as opposed to Trader Joe’s 12 oz loaf. This breaks down to 27.5 cents per oz at ALDI, vs. 37.5 cents per oz at Trader Joe’s.
Why can’t you buy Aldi stock?
This is why you can’t buy Aldi stock. In 1979, Aldi Nord acquired all the Trader Joe’s in the United States, though they continue to operate independently. To be honest, the history of Aldi is quite confusing as technically the same family owns both chains, but as far as operations go, Aldi U. S. And Trader Joe’s have no joint ownership.