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Family feud hurting German supermarket chain Aldi

Co-founder's heirs battle for control as the retail environment gets more crowded and complex

Published Tue, Aug 16, 2016 · 09:50 PM
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London

THE German supermarket chain Aldi revels in austerity, with stores reminiscent of fluorescent-lit bunkers, shelves packed with one-euro (S$1.50) cans of sliced pork and 39-US-cent "River Cola", and cashiers who only started taking credit cards last summer. That hasn't stopped a widening scandal about, of all things, extravagant spending.

The heirs to co-founder Theo Albrecht's fortune - US$15 billion, according to the Bloomberg Billionaires Index - are battling for control of Aldi Nord, which owns the chain in northern Germany and eight other European countries. Mr Albrecht's elder son, Theo Jr, has publicly attacked his wid…

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