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The first Trader Joe's store was opened in 1967 by founder Joe Coulombe in Pasadena, California. [4][5] In 1979, the chain was sold to Aldi founder Theo Albrecht, [6] who owned it until his death in 2010; ownership passed to his heirs. [7] . The company operates offices in both Monrovia, California, and Boston, Massachusetts. [8]
Trader Joe’s and Aldi are not owned by the same company. The two grocery chains have separate ownership groups. However, there is a historical connection through the Albrecht family, who founded Aldi. Trader Joe’s is a privately held company, while Aldi is a publicly traded company.
Does Aldi own Trader Joe’s? The answer is yes and no. Sound a little complicated? Don’t worry: it’s not hard to understand. We’ll explain. The company we know now as “Aldi” was founded in Essen, Germany in the early 1900s by a woman named Anna Albrecht. Anna and her husband, Karl Sr., had two sons, Karl Albrecht and Theo Albrecht.
Turns out Trader Joe was a real guy, and his shrewd instincts led him to create a counter-culture grocery empire. Joe Coulombe, a struggling convenience store owner in Los Angeles, decided in...
After decades of running Trader Joe’s, the owner of Aldi Nord, Theo Albrecht, purchased Trader Joe’s from Joe Coulombe in 1979. Despite the ownership change, Coulombe stayed on as CEO until 1987. The Albrecht estate continues to own Trader Joe’s today.
While many sources say that Aldi owns Trader Joe’s or they are both owned by the same parent company it is not quite that simple. Theo Albrecht, the Aldi Nord brother, purchased Trader Joe’s but allowed it to operate independently.
Trader Joe’s and Aldi have become two of the world's largest supermarket chains, with both having much success in Europe and the U.S. It’s often speculated that Aldi owns Trader Joe’s, but is...
The Albrecht family, who own Aldi and Trader Joe's, has been historically secretive, and there is a lot that's unknown about their personal lives. What is known, however, is their net...
As you’ll find, the connection between these two grocers reveals a history and a family tree that’ll briefly have you looking like that one mathematical equation meme, but is essentially centered on one German family that, separately (the key word here!), owns both Aldi and Trader Joe’s.
In 1979, Coulombe sold the company to Theo Albrecht (one of the owners of another popular grocery chain: Aldi!), but stayed on as the chief executive until he retired. The Albrecht family still...