Karl Albrecht Jr. and they have no children. Karl Albrecht Jr. Karl Albrecht Jr. (born 1948) is a German billionaire, and the son of Karl Albrecht, who founded the discount supermarket chain Aldi with his brother Theo. Albrecht worked for Aldi Süd in various roles until his resignation due to a cancer diagnosis (from which he subsequently recovered). He and his sister Beate Heister control the family trust, the Siepmann Stiftung (named for their mother), which, in turn, controls Aldi Süd, the source of their joint fortune. Together with Heister, he has a net worth of US$25 billion, as of December 2018. He
Sweetbay Supermarket 33 stores would close, leaving the chain with 72 stores. The closings were attributed to competition from regional grocery chain Publix and national chain Walmart. In May 2013, Sweetbay and its sister supermarket chains Harveys and Reid's were sold to BI-LO LLC for $265 million. Also included in the transaction were leases to 10 Sweetbay locations that closed in January 2013. On October 8, 2013, BI-LO announced it would retire the Sweetbay brand, and rename all Sweetbay locations to Winn-Dixie. In 2002, management and supply chain at Kash n' Karry was transferred to sister chain Hannaford in hopes of repairing