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Tuesday, August 22, 2017
Aldi food company

Karl Albrecht, German Billionaire Who Built Aldi Food Empire, Dies At 94

By Steve Chawkins, Los Angeles Times Karl Albrecht, a reclusive German billionaire who with his younger brother Theo turned his mother’s corner store into a worldwide grocery empire, has died. He was 94. Albrecht’s July 16 death in Essen, Germany, was confirmed by Aldi, the no-frills discount chain that he and Theo co-founded. Separately, Theo […]

July 22, 2014