Theo Albrecht Jr. Germany, and has one child. Theo Albrecht Jr. Theodor "Theo" Albrecht Jr. (born 1950) is a German billionaire businessman, the son of Theo Albrecht, co-founder of Aldi. As of January 2018, Albrecht's net worth is estimated by Forbes as $22.4 billion. In 2010, his father Theo Albrecht died, leaving the ownership of the German supermarket chain Aldi Nord and US supermarket chain Trader Joe's to his two sons, but Berthold died in 2012. Theo Albrecht Jr. and the heirs of his brother Berthold inherited the fortune, which originally grew from a corner grocery shop opened back in 1913. Albrecht lives
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