deaths
July 16, 2014
Karl Albrecht, German businessman, co-founded Aldi (born 1920)
Karl Albrecht
Karl Hans Albrecht was a German entrepreneur who founded the discount supermarket chain Aldi with his brother Theo. He was the richest person in Germany for many years. In February 2014, he was ranked the 21st-richest person in the world by Hurun Report.
Aldi
Aldi, styled as ALDI, is the common company brand name of two German multinational family-owned discount supermarket chains operating over 12,000 stores in 18 countries. The chain was founded by brothers Karl and Theo Albrecht in 1946, when they took over their mother's store in Essen. The business was split into two separate groups in 1960 that later became Aldi Nord, headquartered in Essen, and Aldi Süd, headquartered in neighbouring Mülheim.