Aldi empire wracked by family feud

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Aldi empire is wracked by family feud

Aldi Süd operates stores in Ireland.

For most of that time he has been locked in legal battle with Babette and her children, who refuse to accept Berthold Albrecht’s will.Sensing the potential for a major family feud, Berthold Albrecht changed his last wishes shortly before his death. The new will stated that there should be no majority of family members in the main foundation that decides on investment and strategy at Aldi Nord.

As heirs, his widow and children lost their legal challenge against the will in the final instance last year. Germany’s highest administrative court insisted the will was valid, but Berthold’s heirs have yet to hand back their seats on the board of one controlling foundation. Nicolay Albrecht alleges his mother and daughters defrauded the company last year for paying themselves €30 milllion on the basis of board seats to which they have no legal claim.

 

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