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,
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