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Aldi (stylised as ALDI [6]) is the common company brand name of two German multinational family-owned discount supermarket chains operating over 12,000 stores in 18 countries. [7] [8] The chain was founded by brothers Karl and Theo Albrecht in 1946, when they took over their mother's store in Essen. The business was split into two separate ...
Albrecht was born in Bremen, West Germany in 1950, the son of Theo Albrecht, the co-founder of the supermarket chain Aldi. Career. 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, Theo Jr. and Berthold, but Berthold died in 2012.
Peter Max Heister (great-nephew) [4] Theodor Paul Albrecht ( German: [ˈalbʁɛçt]; 28 March 1922 – 24 July 2010) [1] was a German entrepreneur. He established the discount supermarket chain Aldi with his brother Karl Albrecht. In 2010, Theo was ranked by Forbes as the 31st richest person in the world, with a net worth of $16.7 billion. [5]
In September 2013, in response to the implementation of the Affordable Care Act (ACA), Trader Joe's stated that it would require part-time employees to work an average of 30 hours per week in order to qualify for medical insurance (with free coverage for basic dental and vision care still being available for all crew members who work an average of 15 hours or more per week).
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