Theo Albrecht the United States. Aldi and Trader Joe's, while owned by the brothers, have separate and distinct ownership and operations. Theo Albrecht and his brother Karl revolutionized the German grocery market with a low-cost business model. They had developed the supermarket as an outgrowth of their mother's small grocery store, which she had opened in 1913, in Essen, after Theo’s father had developed emphysema as a miner. Theodor learned the grocery business from his mother, in order to escape the fate of his father in the mines. He and his brother Karl developed Albrecht Diskont, one of Europe’s largest chains of
Theo Albrecht success stories. Theodor retired from daily operations in 1993 and remained as chairman of the board. In 1971, Albrecht was kidnapped for 17 days. A ransom of seven million German marks (approximately US$2 million at the time) was paid for his release. He was held at gunpoint by Heinz-Joachim Ollenburg, a lawyer, and his accomplice Paul Kron. The ransom sum was delivered by the Bishop of Essen. His kidnappers were eventually caught by authorities, but only half of the money was recovered. Albrecht later successfully claimed the ransom as a tax deductible business expense in court. During World War II,