Aldi Süd acquires stake in Philippine discounter

Aldi Süd is acquiring a minority stake in the Philippine supermarket chain Dali. With this move, the discount retailer is taking a new step into Asia, where the company has so far only operated in China.

Major similarities

Aldi Süd has acquired a minority stake in the Philippine supermarket chain Dali, which, with approximately 1,300 stores, is one of the country’s fastest-growing food discounters. The companies involved have not disclosed details regarding the size or purchase price of the stake, according to Lebensmittel Zeitung.

For Aldi, this is a strategic investment in a retailer whose business operations and concept show significant similarities to its own hard-discount model. The German company aims to support the chain’s further growth. Local management will remain unchanged. According to Aldi Süd, the Philippines is an attractive, rapidly growing market that offers potential for the hard-discount business model.

Aldi Süd has about 7,500 stores worldwide, but until now has had only a limited presence in Asia, with about 90 stores in China.