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Sunshine (she/her)@piefed.socialM to Buy European@feddit.ukEnglish · 18 hours ago

Aldi Australia Sends $900m Dividend to German Owner After Record Sales

www.channelnews.com.au

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Aldi Australia Sends $900m Dividend to German Owner After Record Sales

www.channelnews.com.au

Sunshine (she/her)@piefed.socialM to Buy European@feddit.ukEnglish · 18 hours ago
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channelnews : Aldi Australia Sends $900m Dividend to German Owner After Record Sales
www.channelnews.com.au
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Discount supermarket Aldi is tightening the gap on Australian grocery giants Coles and Woolworths, reporting $13.3 billion in sales last year and sending $900 million in dividends to its reclusive German owners. The latest financial filings for Aldi Australia, lodged with the corporate regulator, show sales rose from $12.09 billion in 2023, making it the... Read More
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  • TheIvoryTower@lemmy.world
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    11 hours ago

    … because they are slightly less greedy than the main Woolworths/Coles duopoly.

    Aldi are doing god’s work, I only wish they could establish in New Zealand, but apparently our Foodstuffs/Woolworths duopoly is even harder to crack into.

  • bleistift2@sopuli.xyz
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    17 hours ago

    And that’s why the Aldi families regularly rank highest in Germany’s most-filthy-rich-seriously-do-you-even-know-how-much-money-you-have list. The owners of Aldi Australia are currently the third or fourth richest families with a total of 27B of personal wealth.

    Source (German): https://de.wikipedia.org/wiki/Liste_der_reichsten_Deutschen_(Manager_Magazin)#Liste_2025

    • lepinkainen@lemmy.world
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      10 hours ago

      Isn’t the ownership of Lidl so complex that nobody really knows where the money ends up in?

      • bleistift2@sopuli.xyz
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        3 hours ago

        We’re talking about Aldi.

        • lepinkainen@lemmy.world
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          1 hour ago

          Yes we are. And Lidl is a similar massive German juggernaut, with a very confusing ownership structure.

      • phneutral@feddit.org
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        8 hours ago

        It has to reach the pockets of Dieter Schwarz somehow, otherwise he wouldn’t be on top of the linked list.

      • foenkyfjutschah@programming.dev
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        7 hours ago

        go, visit Heilbronn!

  • DarkCloud@lemmy.world
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    18 hours ago

    One of the other Australian Supermarkets, Coles, uses Palantir’s systems of facial recognition to keep a database of what shoppers buy. Which is creepy.

    • pulsewidth@lemmy.world
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      10 hours ago

      Coles says explicitly that they do not use facial recognition.

      Bunnings and Kmart on the other hand did up until 2022, and then backed off after complaints and bad press.

      Coles does employ Palantir systems though, which is gross.

  • 🇸‌🇵‌🇪‌🇨‌🇺‌🇱‌🇦‌🇹‌🇪‌🇷‌@lemmy.world
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    18 hours ago

    Well I’ll say I fucking love Aldi in the US.

    • reallykindasorta@slrpnk.net
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      17 hours ago

      Yeah I grew up with it then moved to an area without it and shopping is so much more stressful. Love the mostly one way aisle architecture and that there aren’t a lot of decisions to be made per item.

      • 🇸‌🇵‌🇪‌🇨‌🇺‌🇱‌🇦‌🇹‌🇪‌🇷‌@lemmy.world
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        17 hours ago

        Want rice? Here’s the one brand we have. Protein powder? Here it is. Milk? Just this one. Thank you for shopping and don’t forget your quarter!

        • reallykindasorta@slrpnk.net
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          16 hours ago

          Exactly!

  • Aussiemandeus@aussie.zone
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    17 hours ago

    Tax free probably too.

    Love the Australian tax system

    • 50MYT@lemmy.world
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      12 hours ago

      If you read the article, that 900m is after the tax was paid.

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