Theo Albrecht Jr. 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 in Mülheim an der Ruhr,
Southern California supermarket strike of 2003–04 Southern California supermarket strike of 2003–04 The Southern California supermarket strike of 2003–2004 was a labor strike by the United Food and Commercial Workers union (UFCW) against four supermarket chains in Southern California. Management and the unions arrived at a contract after twenty weeks, with both sides claiming victory. On the labor side, the primary party was the United Food and Commercial Workers union (UFCW), although deli workers were represented by UNITE HERE and also struck. On the management side, it involved the supermarket chain companies Albertsons (then an independent company), Ralphs (owned by Kroger) and Vons (owned by Safeway).