Aldi Buys Future Site For Southern California Headquarters

Retailer Aldi bought a piece of land in Moreno Valley where it plans to build its Southern California regional headquarters. Based in Batavia, Illinois, the U.S. arm of the Germany-based Aldi announced in December 2013 its plans to open 650 new stores across the country in the next five years. Aldi’s expansion move marks the discount retailer’s first forays into the California market, with most of its existing 1,300 stores located in the Midwest or on the East Coast.