Karl Albrecht Jr. 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 is married to Gabriele Mertes,
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