Albrecht's late husband, Theo, and his brother, Karl, turned their mother's grocery ... and out of line with the company's frugal philosophy, The Guardian reported. In her will, Cäcilie Albrecht ...

FRANKFURT — Theo Albrecht, who with his brother Karl used lessons learned in the lean years of postwar Germany to build an international grocery empire, died Saturday in Essen, Germany.

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or ...

Karl Albrecht, the billionaire German grocer who took his mother’s humble corner store and expanded Aldi supermarkets to nearly every corner of the globe, has died at 94. He was the richest ...

He was the second richest person in his native Germany, surpassed only by his older brother Karl Albrecht, 90. Albrecht was born on March 28, 1922 in Essen, Germany. After World War II he and ...

Karl Albrecht, the reclusive German businessman who became one the world’s wealthiest people after co-founding the Aldi discount supermarket chain in the 1960s, died July 16 in Essen ...

Karl Albrecht, one of the reclusive co-founders of German discount supermarket chain Aldi, has died at the age of 94. The publicity-shy Mr Albrecht co-founded Aldi with his brother Theo after ...