Theo Albrecht save money." Theodor Albrecht died 24 July 2010, in his home town of Essen, Germany. Theo Albrecht Theodor Paul "Theo" Albrecht (; 28 March 1922 – 24 July 2010) was a German entrepreneur, who in 2010 was ranked by Forbes as the 31st richest person in the world, with a net worth of $16.7 billion. He owned and was the CEO of the Aldi Nord discount supermarket chain. In the US he owned the Trader Joe's specialty grocery store chain. His brother Karl Albrecht owned the Aldi Süd discount supermarket chain. The two chains originally were a single family enterprise
Grand Union (supermarket) still open. In 1959, Grand Union's 38 stores it operated in Ontario, Canada, were sold to Steinberg's (supermarket), a Quebec-based supermarket and department store chain. Those locations were quickly rebranded into Steinberg's grocery stores, but over time most of their former Grand Union stores were closed and moved to new stores, due to poor locations compared to local competitors. British corporate raider Sir James Goldsmith acquired Grand Union in the early 1970s. Grand Union was a money loser during much of Goldsmith's time of ownership. Goldsmith presided over the closing of the Grand Way chain in 1975 and the exit