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Aldi: a history of the low-cost supermarket. Aldi started life in 1946, when Karl and Theo Albrecht took control of their motherâs grocery store in the German city of Essen. From the small provincial store, they built one of Germanyâs biggest retailers, which became renowned for its low prices. The name Aldi is a combination of Albrecht and discount.
Trader Joeâs coffee. Trader Joeâs is a specialty grocery store chain with 315 stores nationwide. It was founded by Joe Coulombe in California, with the first store under the Trader Joeâs name opening in 1966. In 1979, the company was purchased by Theo Albrecht, a German billionaire and one of the brothers that founded the ALDI discount supermarket chain; it remains a privately held company in an Albrecht family trust.