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Founded the discount supermarket chain Aldi
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- Karl Hans Albrecht (German: [ˈalbʁɛçt]; 20 February 1920 – 16 July 2014) was a German entrepreneur who founded the discount supermarket chain Aldi with his brother Theo.
en.wikipedia.org/wiki/Karl_Albrecht
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In 1994, Karl Albrecht removed himself from the daily operations of Aldi Süd and took the position of chairman of the board until 2002. At the beginning of 2002, he also relinquished this position, thereby completely ceding control of the firm.
Dec 18, 2020 · Karl Hans Albrecht was born on February 20, 1920. Younger brother Theodor Paul Albrecht followed on March 28, 1922, and the two brothers from Essen, Germany would go from incredibly humble beginnings to the head of Aldi, a multi-billion-dollar empire.
Karl Albrecht took over a food shop formerly run by F. W. Judt and later served in the German Army during World War II. In 1945, the brothers took over their mother's business and soon opened another retail outlet nearby. [15] . By 1950, the Albrecht brothers owned 13 stores in the Ruhr Valley. [18]
Sep 10, 2019 · Karl's son and daughter, Karl Jr. and Beate, inherited half of the Aldi fortune after their father's death — the two reportedly sit on the company's board.
- Henry Blodget
Karl Albrecht was the billionaire entrepreneur who with his brother, Theo Albrecht (Independent obituary, 14 August 2010), created the successful international discount supermarket chain,...
Mar 9, 2024 · Aldi's origins date back to 1913, when Karl Albrecht Sr., a former coal miner, started trading in baked goods. The next year, his wife, Anna Albrecht, set up a small store in Essen, western...
Jul 21, 2014 · In 1961, after a disagreement about whether to sell cigarettes, the brothers divided the company into two operations within Germany, Karl running Aldi Süd and Theo running Aldi Nord.