Aldi is a German multinational discount supermarket chain founded by brothers Karl and Theo Albrecht, which split into two separate entities in 1960: Aldi Nord and Aldi Süd. Aldi Süd operates in Australia with over 590 stores, offering a limited range of predominantly private-label products at low prices. The company is privately owned by the Albrecht family through complex trust structures, with limited public financial disclosure typical of German family-owned enterprises.