Aldi pays mega $420m dividend to offshore parent

Carrie LaFrenzSenior reporter

Apr 28, 2024 – 4.34pm

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Discount supermarket chain Aldi paid a mega $420 million dividend to its offshore parent last year, newly lodged accounts in Australia reveal, boosted by the historic sale of some of its distribution centres, and a successful grab for market share.

Subsidiary Aldi Foods paid $120 million to Hofer KG (Austria) in 2023, according to regulatory filings.

Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club.