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
Loeb (supermarket) conventional food stores under the Metro banner. Over a period of 15 months, all Loeb stores were converted to the Metro name. It is unrelated to the Swiss department store chain with the same name. Since acquisition of A&P Canada by parent company: Loeb (supermarket) Loeb was originally a supermarket chain in Eastern Ontario, Canada and eventually spanned across the country. It was once Ottawa's second-largest supermarket chain behind Loblaws. Each of the stores averaged in size. Loeb was acquired by the Quebec-based supermarket chain Metro in 1999 and converted to the Metro brand in 2008/2009. Loeb began in 1912