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Aldi logo (archive photo)
Photo: Waldmüller/ imago images/Waldmüller
Aldi is withdrawing from Denmark after around 45 years.
The discounter announced this on Friday evening together with its competitor Rema 1000, which is taking over 114 of the 188 Danish Aldi branches.
An agreement was reached on the takeover, which the Danish competition authorities still have to approve.
The remaining Aldi stores will therefore be closed or sold in the course of the coming year.
Around 1,600 of the approximately 2,800 Aldi employees in the country are to be taken over by Rema.
Aldi opened Denmark's first discount store in 1977 and, according to the company, inspired Rema 1000 to open its first store two years later in Trondheim, Norway.
The first Danish Rema branch followed in 1994.
After carefully examining activities in all markets, Aldi Nord Group has made the difficult decision to exit the Danish market, Aldi Denmark managing director Finn Tang was quoted as saying in the joint statement.
The two sides agreed not to disclose the purchase price.
ktz/dpa
