this post was submitted on 13 Sep 2024
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Work Reform

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[–] PP_BOY_@lemmy.world 36 points 6 days ago (15 children)

One opened in my city, only Aldi within 50 miles. It is always packed and both of the major regional grocers have raised their "now hiring" wages several dollars, run much more aggressive deals, and their parking lots are maybe 4/5ths as full as they were a month ago.

Which is great for me because I've been to several Aldis and realized it just isn't for me. Being one guy with a pretty weak appetite, the actual dollar savings don't really come out to much for me (maybe -$10 versus a major grocer if I'm really stocking up), and the "Aldi Experience" doesn't really mesh with how I buy food. It's still great to have them in the market, though.

[–] otp@sh.itjust.works 10 points 6 days ago (10 children)

And let me guess..."somehow", they haven't had to hack up their prices after raising wages, huh?

[–] PP_BOY_@lemmy.world 15 points 6 days ago (9 children)

No but the CEO had to cut down to just one new AMG Merc per year. It's a doggy dog world out there

[–] aard@kyu.de 5 points 5 days ago (1 children)

You're joking, but quite possibly he'd not even want to buy the one.

The owner family is very reclusive after a kidnapping in the 70s - but we know at least that the founders were living relatively frugal.

Ownership of Aldi is by a handful of "stiftungen" - and one of the more recent judicial squabbles in the family were of one side accusing the other trying to pull more money out of Aldi than necessary to live a non frugal livestyle.

Don't get me wrong - they're billonaires, though probably quite limited liquid assets. But based on their behaviour they have a good chance to survive the revolution.

[–] HATEFISH@midwest.social 1 points 5 days ago (1 children)

Do the Albrechts still own the company? The current ceo is unrelated from what I can tell.

[–] aard@kyu.de 2 points 5 days ago

I think only one is currently still working in the company - but they do own it via a bunch of "Stiftungen". IIRC that construct was selected back then to make sure that spoiled brats can't fuck it up eventually.

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