The power struggle between the branches of the family at Aldi Nord has been smoldering for years. The company has now announced that the dispute has been documented and that Aldi Nord will be reorganized.
The long-standing family dispute at Aldi Nord is over. The discounter announced on Monday that the quarreling families of the group of companies had reached an agreement with the participation of the family foundations to settle the long-standing differences of opinion and legal disputes between them. This is intended to put an end to the struggle for power in the company that has been smoldering for years.
The background to the legal dispute between the branches of the family is the complicated ownership structure at Aldi Nord. The company is owned by three foundations based in Schleswig-Holstein: the Markus, Lukas and Jakobus foundations. Large investments and important decisions can only be approved by the foundations unanimously. For years, however, there had been a dispute between the branches of the family about the power in the Jakobus Foundation, which was also repeatedly settled in court.
Aldi Nord is being reorganized
According to the will of the family branches and the foundations, the Aldi Nord group of companies is to be reorganized in the coming months and brought together under a uniform holding company in the form of a foundation & Co. KG. The new holding company is to be owned equally by the family foundations of the Theo Albrecht family and the Berthold Albrecht family.
However, the implementation of the new group and foundation structure still requires coordination with the tax authorities and the approval of the foundation supervisory authority of the family foundations involved.
Source: Stern
