Court case exposes rift in Germany’s secretive Aldi family

FAN Editor

A court is expected to rule Thursday in a case that has exposed a rift within Germany’s secretive Albrecht family, owners of the discount supermarket chain Aldi.

Continue Reading Below

The company is split into two geographical parts and the dispute centers on the control over Aldi Nord, which operates in northern Germany, Poland, Denmark, France, the Benelux countries and the Iberian peninsula.

The widow of late patriarch Berthold Albrecht is contesting changes her husband made before his death in 2012 to the statutes of a family foundation, which curtailed his wife and children’s influence.

A lower court sided with Babette Albrecht and her children, who are pitted against Berthold’s brother, Theo Jr., and mother Caecilie Albrecht.

Germany’s Manager Magazin recently estimated the family’s combined wealth at about 18 billion euros ($21 billion).

Free America Network Articles

Leave a Reply

Next Post

Iraqi militia indicates will hand heavy guns to army after Islamic State quashed

Hashim al-Mousawi, the official spokesman for Harakat Hezbollah al Nujaba, speaks during a news conference in Baghdad, Iraq November 23, 2017. REUTERS/Thaier Al-Sudani November 23, 2017 By Ahmed Aboulenein BAGHDAD (Reuters) – A prominent Iraqi militia indicated on Thursday it would give any heavy weapons it had to the military […]

You May Like