Mary Ameer and Babette Albrecht (II) attend the Titanic United Hearts Throat at the Titanic Hotel. … [+]
The fate of Aldi supermarket cof of Nder Theo Albrecht will be argued in a German court after grandson Nicole Albrecht accused her mother, Babet Albrecht, and three sisters of taking money from the family trust.
Nicole Albrecht, grandson of cofounder Theo Albrecht, is accusing her mother and sisters of embezzling funds and withdrawing millions from a family trust, the German newspaper Seddusch Zeitung reported on Thursday. The Guardian and the London Times also broke the news.
A criminal complaint was filed in August Gust by Nicole, accusing Theo’s Aldi Nord Group of breaching the trust of one of the family’s famous complex trusts inherited shares. Nicole’s mother, Babette, is the widow of Berthold Albrecht. Berthold’s father, Theo Albrecht, died in 2010, and his sons, Theo Jr. and Berthold, were estimated to be leaving $ 16.7 billion, who died in 2012. Forbes Estimate.
Theo Albrecht during his interview, 24 hours after his abduction. The shot was taken in December … [+]
According to media reports, one of Babet’s five children, a son and three daughters, is born as a quadrangle and is now 30 years old, while a youngest daughter is 28 years old. Son Nicole is alleging that her mother and sisters used their best numbers in the boardroom to cash millions from the family trust.
The conflict, which is going through many chapters, has devoured the cost-conscious elders who have made aldi against the young pay generation inheriting wealth.
In May, 2016, the country was shocked by an interview in Germany’s Stern magazine as Theo Albrecht Jr., Babette, accused his brother’s wife and his children of helping themselves in “wealth,” the Times reported, with the original interview not available online.
“I am deeply saddened that Babette and her children do not want to accept her husband’s will and the basic law and he is fighting.” Stern alleged that 88 88 million (75 75 million) was withdrawn from the foundation in 2013, 2014 and 2015, the Times reported.
Albrecht’s family lawyer did not respond to a request for comment. In a statement to the guardian in 2019, the family denied all wrongdoing.
Visitors are spotted in front of the Aldi Sud Pop-up Store at the Southside Festival 2019 on June 21, 2019. … [+]
The controversy over the family trust and the various attempts to abandon the tight-knit purse-wire gathered around them in 2018, when family matriarch Cecil Albrecht, Theo Sr.’s wife, died. In her will, years of animosity were inherited with acidity (when details of her last will and testament were disclosed in Essen Court in February 2019) instead of living with Aldi and Albrecht in a popularly simple way of life. Sicily reportedly banned Berthold’s offspring and his daughter-in-law, Babbitt, from holding any future roles on the payroll.
In his will, reported by the Guardian in April 2019, he famously wrote, “With this document I have undertaken to ensure the maintenance of our family’s philosophy, which is to serve the consortium Eldi Nord and at the same time, put aside self-interests and As a practice of a humble and cynical way of life. “
When the will was read, Babette and the family denied any wrongdoing. “Religiosity and etiquette suggest that this should not be evaluated in public,” lawyer Andres Urban, representing Babette and her children, told the Guardian in 2019. In addition, “Berthold Albrecht’s heirs are always concerned … for the welfare of Aldi Nord.”
Forbes Aldi Nord in Germany has been contacted for comment.
Theo Albrecht from Essen, co-owner of the Aldi supermarket chain in 1971
Aldi Family Fortune
Aldi is today known as a popular budget supermarket with over 10,000 stores in 20 countries. U.S. In Johnny has a reputation for low prices. The family behind Aldi and Trader Johnny, the Albrechts, is known as one of the richest families in Europe.
Aldi Stores sold more than 30 30 billion in global sales in Germany in 2018, while Aldi has emerged as the second largest market in the UK with ld 12 billion in sales.
According to Theo’s stance in the Guardian, the family’s fortunes were created by Theo and older brother Carl after they were released from a prisoner-of-war camp in North Africa prepared to fight under General Erwin Rommel before being captured by the Italian army in 1945. In 2010.
The store was founded in 1913 by the mother of Carl and Theo Albrecht
While his father worked in a coal mine, his mother ran a small grocery store where the brothers would work after school in the pre-war years.
After the war, the brothers returned to their home in Essen, West Germany, and did not find their small shop. And so began the rise and rise of the Albrecht dynasty, where food was sold directly from the bucks in Aldi stores, with low piles without marketing and at low prices, compared to rival stores selling fresh produce. The word aldi is an acronym for the family names ‘Albrechch’ and ‘Discount’ and the practice is still alive in its stores today.
Aldi opened two stores in China in June 2019, and the Financial Times reported from Shanghai that hundreds of people were queuing for admission. “Like many Aldi shoppers around the world, we’re here for German products and cheap beer,” retired doctor Xu Yuhua told the FT.
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