Aldi Nord and its sister company, Aldi Süd, were founded in 1946 by brothers Theo and Karl Albrecht. In 1979, Aldi Nord acquired the Trader Joe’s chain, which operated in southern California at ...

Karl Albrecht, the reclusive billionaire co-founder of Aldi and Germany's second richest man, has died aged 94. He died in Essen on July 16 and was buried in a private ceremony on Monday ...

Karl Albrecht, the man credited with bringing discount stores to Europe with the no-frills Aldi supermarket chain, died aged 94 last Wednesday, Aldi said in a statement. Publicity-shy Albrecht co ...