The heirs of the Aldi founder’s son Berthold Albrecht, who died in 2012, suffered another defeat in the legal dispute over power at the discounter Aldi Nord.
In a decision published on Thursday, the 3rd Senate of the Schleswig-Holstein Higher Administrative Court confirmed that the current appointment to the board of directors of the “Jakobus Foundation” was unlawful and that two of the four posts on the foundation’s board of directors had to be filled. This would significantly limit the power of the family in the important body.
The Senate emphasized that a corresponding decision by the Rendsburg-Eckernförde district supervisory board for foundations was legal and immediately enforceable. The decision of the court is final.
The background to the legal dispute 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. (dpa)