Mr. Charles E. Youngstrom
Vice President of Batavia Division
Vice President of Center Valley Division
Christopher A. Jessup
Chief Commercial Officer
Aldi was founded in the year 1946. The company has been active for over 70 years. The founders of the company were Karl Albrecht and Theo Albrecht. The business was run by the Albrecht brothers and by the year 1950, the company already had 13 stores under its name. The main aim of the company was to sell products at competitive prices to its customers. This allowed the company to automatically deduct the 3 per cent legal rebate from the product, instead of letting the customer send over the rebate bills to reclaim their money. Then in the year 1960, due to a dispute between the two brothers, and therefore the company was split between the two brothers. In 1966, one half of the company was known as Aldi Nord and the other one being Aldi Sud.
During the 1970s and the 1980s, the company started expanding internationally as well. In the year 1976, the first shop in the USA was established. In 1979, Aldi Nord had taken over the business of Trader Joe’s. Then in the year 1993, both of the Albrecht brothers retired and then proceeded to donate most of their wealth to charity. As of the year 2014, one of the brothers, Karl Albrecht passed away and left a personal wealth of $17.2 billion. Aldi Nord came a close second with the owners having a personal wealth of $16 billion. The headquarters of the company is based in 1200 North Kirk Road. The name of the place is Batavia, while the name of the state is Illinois, USA. The pin code of the area is 60510.
Aldi is a company based in Germany that focuses on providing discounted products via its supermarket retail stores, to all of its customers worldwide. The company has more than 10,000 stores, across 20 different countries all over the world. In Germany, Aldi Nord has its presence across 35 regions and 2,500 stores. Similarly, Aldi Sud has its presence over 32 areas and has 1,600 stores. As of the year 2010, the total revenue generated by the company is more than 53 billion Euros. The two companies jointly spread across 9,200 locations all over the world.
The primary services provided by the company include allowing customers to have the retail presence to purchase various kinds of food products, beverages, sanitary products and even other household essentials as well, at discounted prices. The company also has its own in-house product brands as well, which it exclusively sells via its own supermarket retail stores.
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