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King of Discount: Aldi Founder Theo Albrecht Dies [multi-billionaire, Trader Joe's owner]
Der Spiegel / SPIEGEL Online ^ | 07/28/2010 | Susanne Amann and Janko Tietz

Posted on 07/28/2010 2:26:24 PM PDT by wolf78

Theo Albrecht and his brother Karl introduced the world to discount shopping when they founded Aldi half a century ago. The two intensely secretive men were considered some of the richest people in Germany. On Saturday, Theo died at the age of 88.

He was one of the richest men in Germany, and also one of the most secretive. Theo Albrecht, who co-founded the immensely successful discount grocery chain Aldi, died on Saturday according to a statement released by the company. Eighty-eight years old at the time of his death, he was laid to rest on Wednesday in a small service attended only by close family members.

Albrecht had been experiencing severe health problems for some time prior to his death. Last summer he spent several weeks in the hospital in his hometown of Essen following a fall. He never fully recovered and required extensive care toward the end of his life.

Theo and his brother Karl, who is two years older, laid the cornerstone for what became their discount empire in 1948 when they took over their mother's small grocery store. In 1961, they changed the name to Albrecht's Discount -- or "Aldi" for short. Within decades, the store became a discount chain worth billions, one which permanently changed the way food retailing was done in both Germany and across the globe.

(Excerpt) Read more at spiegel.de ...


TOPICS: Business/Economy; Foreign Affairs; Germany; News/Current Events
KEYWORDS: aldi; business; economy; germany

1 posted on 07/28/2010 2:26:29 PM PDT by wolf78
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To: wolf78
What great stores!

Aldi’s has cheap stuff that is still good quality.
I miss living far from a Trader Joe's.

2 posted on 07/28/2010 2:29:17 PM PDT by PATRIOT1876 (Language, Borders, Culture, Full employment for those here legally)
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To: wolf78

I love shopping at Aldi! Everything we have tried has been very good.

Thank you Mr.Albrecht, RIP.


3 posted on 07/28/2010 2:30:36 PM PDT by alice_in_bubbaland (Professional Politicians are a Threat to the Republic! Remove them on 11-2-10!)
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To: PATRIOT1876

Never seen a Trader Joe’s, but heard they are great.

Love Aldi’s.


4 posted on 07/28/2010 2:33:08 PM PDT by rwfromkansas ("Carve your name on hearts, not marble." - C.H. Spurgeon)
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To: alice_in_bubbaland
The only problem I've had there is the produce which would be thrown away at other stores stays on the shelves at Aldi and gets picked over - and that might just be a problem at the local franchises. No one's going to buy those moldy strawberries no matter how long you leave them there.
5 posted on 07/28/2010 2:33:37 PM PDT by KarlInOhio (Gun control was originally to protect Klansmen from their victims. The basic reason hasn't changed.)
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To: wolf78

We are headed to Trader Joe’s in a few minutes. Great prices on good quality groceries.


6 posted on 07/28/2010 2:34:17 PM PDT by JimSEA
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To: PATRIOT1876; All

Nothing in this article ties these men to Trader Joes.

What’s the deal.


7 posted on 07/28/2010 2:34:21 PM PDT by rwfromkansas ("Carve your name on hearts, not marble." - C.H. Spurgeon)
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To: wolf78

Aldis is great, this man was a true innovator in an industry that most ignore. RIP.


8 posted on 07/28/2010 2:35:32 PM PDT by bigbob
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To: JimSEA

The Cinnamon Roll bread is to die for.


9 posted on 07/28/2010 2:36:23 PM PDT by Mears
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To: wolf78

My wife loves ALdi’s and Trader Joe’s.


10 posted on 07/28/2010 2:37:04 PM PDT by mikeus_maximus
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To: rwfromkansas

I thought that was odd, so I dug around...Theo did own TJ’s...


11 posted on 07/28/2010 2:38:48 PM PDT by who knows what evil? (G-d saved more animals than people on the ark...www.siameserescue.org.)
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To: rwfromkansas
"Nothing in this article ties these men to Trader Joes."

They were very secretive indeed. None of us has sufficient clearance to be made aware of the connection.

12 posted on 07/28/2010 2:39:24 PM PDT by who_would_fardels_bear (These fragments I have shored against my ruins)
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To: wolf78

Maybe the next owner will build a Trader Joe’s in my area. We really miss them.


13 posted on 07/28/2010 2:50:09 PM PDT by dangerdoc
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To: rwfromkansas

Never heard of Aldi’s, but love Trader Joe’s.

Lots of good house brand items that would cost more in the regular grocery store, like soups and dried fruits, etc. and gourmet stuff to pack a romantic picnic basket with, like wine, cheeses, breads, nuts.
Bittersweet thing about Trader Joes is that they have house brand items that you become fond of, then they get discontinued due to light demand or lack of supply at a price point the owners are willing to pay. Our favorites currently not available in the store: Trader Joseph’s Chard of Many Colors; Sir Strawberry Juice.


14 posted on 07/28/2010 2:52:48 PM PDT by married21 (As for me and my house, we will serve the Lord.)
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To: PATRIOT1876; alice_in_bubbaland
Interestingly, Trader Joe and ALDI USA are two separate companies. Trader Joe's is a subsidiary of Aldi Nord (North), the company headed by Theo Albrecht, whereas ALDI Inc. (www.aldi.us) is part of Aldi Sued (South), headed by Karl Albrecht, his brother. Both brothers basically divided the world between them in 1966, with Karl's ALDI Sued catering to Southern Germany, the Alps and the Angloshere and Theo's Aldi Nord to Nothern Germany, the Benelux, France, Spain and Eastern Europe.


15 posted on 07/28/2010 2:54:40 PM PDT by wolf78 (Inflation is a form of taxation, too. Cranky Libertarian - equal opportunity offender.)
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To: KarlInOhio
I haven't seen old produce at Aldi’s; only fresh. It must be something the manager is doing, or not doing, at the store you mentioned.
16 posted on 07/28/2010 2:57:21 PM PDT by Shannon
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To: KarlInOhio

I get my produce from the farmer’s markets. But I get my frozen fish at Aldi’s. The price is crazy low compared to the local supermarket! And I eats a lotta fish!


17 posted on 07/28/2010 2:59:06 PM PDT by Dr. Bogus Pachysandra ( Ya can't pick up a turd by the clean end!)
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To: wolf78

Hmmm ... Germans dividing the world between them ...


18 posted on 07/28/2010 3:01:12 PM PDT by x
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To: PATRIOT1876

We LOVE Trader Joe’s. It has great stuff like Whole Paycheck, but it’s much less expensive and not pretentious.


19 posted on 07/28/2010 3:07:08 PM PDT by SuziQ
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To: married21

I used to love their Buffalo milk yogurt. I think it was water buffalo, not real buffalo.

Anyway, it had a stronger texture more like ricotta. They discontinued it, and now I can’t find it anywhere.


20 posted on 07/28/2010 3:07:43 PM PDT by I still care (I believe in the universality of freedom -George Bush, asked if he regrets going to war.)
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To: x

And they had to become capitalists to do it.


21 posted on 07/28/2010 3:08:36 PM PDT by I still care (I believe in the universality of freedom -George Bush, asked if he regrets going to war.)
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To: married21
Bittersweet thing about Trader Joes is that they have house brand items that you become fond of, then they get discontinued due to light demand or lack of supply at a price point the owners are willing to pay.

I know what you mean. A few years ago, they had an incredible Cranberry Mustard, and Vanilla Yogurt Covered Snowflake Pretzels, near Thanksgiving and Christmas. They haven't had them for a couple of years now, and it make me sad.

I've been trying to find just the plain Snowflake Pretzels, so I can coat them with Dark Chocolate, but I haven't been able to find them.

22 posted on 07/28/2010 3:11:07 PM PDT by SuziQ
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To: 2Jedismom

Aldi’s ping!


23 posted on 07/28/2010 3:12:10 PM PDT by SuziQ
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To: wolf78

This also to thy very self sometimes
Repeat thou mayst: “Lo, even good Ancus left
The sunshine with his eyes, in divers things
A better man than thou, O worthless hind;
And many other kings and lords of rule
Thereafter have gone under, once who swayed
O’er mighty peoples. And he also, he-
Who whilom paved a highway down the sea,
And gave his legionaries thoroughfare
Along the deep, and taught them how to cross
The pools of brine afoot, and did contemn,
Trampling upon it with his cavalry,
The bellowings of ocean- poured his soul
From dying body, as his light was ta’en.
And Scipio’s son, the thunderbolt of war,
Horror of Carthage, gave his bones to earth,
Like to the lowliest villein in the house.
Add finders-out of sciences and arts;
Add comrades of the Heliconian dames,
Among whom Homer, sceptered o’er them all
Now lies in slumber sunken with the rest.
Then, too, Democritus, when ripened eld
Admonished him his memory waned away,
Of own accord offered his head to death.
Even Epicurus went, his light of life
Run out, the man in genius who o’er-topped
The human race, extinguishing all others,
As sun, in ether arisen, all the stars.
Wilt thou, then, dally, thou complain to go?

- Lucretius


24 posted on 07/28/2010 3:28:50 PM PDT by dr_lew
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To: wolf78

No Aldi or Trader Joe’s where I am, but I shopped at Aldi stores while stationed in Germany. I loved them!!!


25 posted on 07/28/2010 3:44:02 PM PDT by Allthegoodusernamesaregone
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To: I still care

American “buffalo” are considered “bison” by Europeans. Real Mozzarella is made with European buffalo milk.


26 posted on 07/28/2010 3:45:42 PM PDT by dangus
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To: Dr. Bogus Pachysandra

I buy my fish from there, too. Tonight we’re having their “frozen” chicken breasts with gravy and stuffing.


27 posted on 07/28/2010 3:49:45 PM PDT by Sacajaweau (What)
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To: Sacajaweau

Aldi’s salmon on a bed of steamed okra and rice. Ready to cook right now!


28 posted on 07/28/2010 3:58:44 PM PDT by Dr. Bogus Pachysandra ( Ya can't pick up a turd by the clean end!)
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To: married21
Totally agree about the discontinued items at T Joe's.

Loved their spinach puffs and a mango dessert. Neither available anymore.

29 posted on 07/28/2010 4:01:10 PM PDT by Churchillspirit (9/11/01...NEVER FORGET.)
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To: Dr. Bogus Pachysandra

I usually cook a couple pieces for myself...let one get cold...great snack with horseradish and mayo sauce.


30 posted on 07/28/2010 4:07:41 PM PDT by Sacajaweau (What)
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To: SuziQ
A couple of years ago I was in a port on the Mexican Coast east of Baja. I was having coffee when I overheard a conversation; a farmer was singing the blues because Japanese buyers had rejected half his asparagus harvest because, believe it or not, the spears were bent. He was on his way to Tucson, and I told him to contact Trader Joe;s. Saw him six months later. He bought me a very expensive bottle of tequila. Seems TJs would take the spears and cut them into bite sized sections and sell them at a good price. TJs is indeed a great marketing outfit.
31 posted on 07/28/2010 4:08:03 PM PDT by Melchior
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To: Sacajaweau

Oh! That’s a good idea! Gotta be immensely better than canned salmon. Thanks for the idea!


32 posted on 07/28/2010 4:10:13 PM PDT by Dr. Bogus Pachysandra ( Ya can't pick up a turd by the clean end!)
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To: wolf78

Gotta trader joes 200 yards from my house. 3 buck chuck always at hand.


33 posted on 07/28/2010 4:21:04 PM PDT by joelt
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To: wolf78

When Trader Joe’s began to boycott Israeli goods, I began to boycott Trader Joe’s.


34 posted on 07/28/2010 4:48:33 PM PDT by Ranald S. MacKenzie (It's the philosophy, stupid.)
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To: Melchior

I’m sure you have a special place in that farmer’s heart!


35 posted on 07/29/2010 9:56:01 AM PDT by SuziQ
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