German discount retailer Aldi has met its match in Philippine discount grocer Dali, acquiring a minority stake in the fast-growing retailer for an undisclosed sum.
The investment brings together two retailers built on the hard-discount model, although the companies did not disclose the financial terms of the transaction or provide further details.
Established in 2020, Dali is known for bringing a European-style hard-discount retail model to the Philippine market. It offers a streamlined range of high-volume FMCG private-label products and household staples at deeply discounted prices.
The chain operates out of neighborhood-accessible, low-overhead formats and has scaled rapidly to 1300 locations nationwide.
“Dali stays exactly what it has always been: a Filipino-grown business, run by our own people, making our own decisions on the ground,” said the company.
“We’ve built something with real momentum, and this investment gives us the runway to bring it to more communities, bring more local suppliers back, and open more doors for Filipinos”
Aldi is one of the world’s largest discount supermarket operators and has more than 7500 stores across 11 countries, with a limited presence in Asia through about 90 stores in China.
CFO Marcus Almeling told Insider PH said their investment for Dali is for long-term and plan to further scale the business.
“Dali has built an impressive hard-discount retail business in a short period of time,” he said.
“The Philippines is a high-growth market with strong consumer demand for quality groceries at low prices, and Dali is well-positioned to serve that demand at scale.”
Dali will continue to operate independently under its local management team, which will retain full operational responsibility for the business in the Philippines.