Nazi soldier turned tycoon dies, Aldi Supermarkets Theo Albrecht
LIBERATOR
how I know? He greased his hair back like the SS. Most U.S. presidents
under Hitler running the CIA also greased their hair back, except for
Hitlers son-in-law JFK. Hitler would not want anything but a rebel for
a son-in-law. JFK is a supreme altruist as is his whole family.
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JULY 29, 2010 Theo Albrecht 1922-2010
Reclusive Salesman Built Aldi Discount Empire
By VANESSA FUHRMANS
Theo Albrecht, one of two reclusive brothers who founded Aldi, the
German discount supermarket giant, and helped revolutionize shopping
world-wide, died Saturday, the company said on Wednesday. He was 88
years old.
Aldi co-founder Theo Albrecht, at an interview session in Essen,
Germany, after his kidnapping in 1971.
From a bare-bones food store handed down by their mother in 1946, Mr.
Albrecht and his older brother, Karl, built an international retail
empire of no-frills grocery shopping that was a discounting pioneer
and forerunner to Wal-Mart Stores Inc. and others. The brothers'
business, which includes Aldi stores across Europe, the U.S. and
Australia and the Trader Joe's grocery chain, generated about €53
billion ($69 billion) in revenue last year.
For more than half a century, the Albrechts wavered little from their
big-discount formula. By cutting out costly extras such as large
marketing budgets and fancy displays and selling a limited assortment
of mostly nonperishable goods, they were able to undercut competitors—
and attract droves of thrifty German shoppers during the post-war
decades. Their success gave rise to dozens of copycat discounters at
home and elsewhere in Europe.
It also made the Albrecht brothers among the richest men in the world.
With a fortune of nearly $17 billion, according to Forbes, Theo
Albrecht was ranked the world's 31st-richest person in 2010. (He fell
from ninth place in 2009.) Karl Albrecht, 90, was ranked 10th, with an
estimated net worth of $23.5 billion.
All About Aldi
No-frills grocery chain founded after World War II by brothers Karl
and Theo Albrecht, who become Germany's richest menAcquired the Trader
Joe's grocery chain in 1979 Operates about 8,200 no-frills stores
world-wide, half in Germany, selling fewer products than most
supermarketsAldi Nord operates in northern Germany and Europe; Aldi
Süd operates in southern Germany, the U.S., the U.K. and elsewhere--
Source: WSJ Research
In Germany, the Albrechts were known as much for their rags-to-riches
story as their reclusiveness. Both brothers lived in near-total
seclusion and remained secretive about even basic biographical
information, such as their birth dates. One of the last rare public
photos of either brother was of Theo Albrecht in 1990—and that was
taken surreptitiously.
One reason for the secrecy was the 1971 kidnapping of Theo Albrecht,
who was abducted by two men in the northwest German town of Essen and
held for 17 days before being freed for a ransom of seven million
marks (about €3.3 million), an amount that Mr. Albrecht was said to
have haggled down with his captors. The kidnappers were caught and
prosecuted shortly after but the episode pushed the already-private
Albrechts further into seclusion.
Theo Albrecht, who hadn't been active in his company's operations for
years, had been ill for some time. A private family funeral was held
Wednesday.
"The retail industry has lost a huge figure," said Stefan Genth, head
of the German Retail Trade Association in a statement. "There are few
people who have shaped an entire economic sector as Theo Albrecht
has."
Born in 1922, Theo grew up with his brother in their mother's shop in
Essen. Their father developed emphysema and could no longer work in
the mines. After serving in World War II, the two brothers expanded
the shop into a chain of more than a dozen stores. By 1961, they had
changed the name to Albrecht's Discount, or "Aldi" for short.
Soon after, the brothers decided to split up their empire, reportedly
over a dispute about whether to sell cigarettes, and agreed to stay
out of each other's territory. Theo took charge of the stores in the
northern part of then-West Germany, Aldi Nord, expanded in Europe and
acquired Trader Joe's in 1979. Karl took on the southern German stores
and expanded Aldi into the U.K., Australia and the U.S. Combined, Aldi
has more than 8,200 stores world-wide, about half of them in Germany.
Theo Albrecht ran Aldi Nord until the mid-1990s. Though he withdrew
from the day-to-day operations after that, he attended board meetings
until a few years ago when his health began to decline.
His two sons, Theo Jr. and Berthold Albrecht, have positions at the
company, but its top management is from outside the Albrecht family.
CUNTICA
Hitler's speeches backward you get the band Rush singing "I've got a
lovely bunch of coconuts!"
Jason P
"LIBERATOR" <jgch...@yahoo.com> wrote in message
news:26db3cb7-4c93-42ee...@i13g2000yqd.googlegroups.com...
>We know he was loyal to the fatherland & fuhrer to the end. You know
>how I know? He greased his hair back like the SS. Most U.S. presidents
>under Hitler running the CIA also greased their hair back, except for
>Hitlers son-in-law JFK. Hitler would not want anything but a rebel for
>a son-in-law. JFK is a supreme altruist as is his whole family.
-----------------------------------------------------------------------------------
>http://online.wsj.com/article/NA_WSJ_PUB:SB10001424052748704895004575395251115540766.html
>http://si.wsj.net/public/resources/images/WO-AB917_REMEMA_G_20100728174146.jpg
>JULY 29, 2010 Theo Albrecht 1922-2010
>Reclusive Salesman Built Aldi Discount Empire
>By VANESSA FUHRMANS
>Theo Albrecht, one of two reclusive brothers who founded Aldi, the
>German discount supermarket giant, and helped revolutionize shopping
>world-wide, died Saturday, the company said on Wednesday. He was 88
>years old.
>Aldi co-founder Theo Albrecht, at an interview session in Essen,
>Germany, after his kidnapping in 1971.
>From a bare-bones food store handed down by their mother in 1946, Mr.
>Albrecht and his older brother, Karl, built an international retail
>empire of no-frills grocery shopping that was a discounting pioneer
>and forerunner to Wal-Mart Stores Inc. and others. The brothers'
>business, which includes Aldi stores across Europe, the U.S. and
>Australia and the Trader Joe's grocery chain, generated about €53
>billion ($69 billion) in revenue last year.
[...]
Trader Joe's are nice stores, Sometimes a little pricey, but really nice, if
you don't mind the crowed aisles. Everyone goes there, kinda like Starbucks.
I bet a lot of their foodstuff isn't kosher-taxed either. I don't recall
seeing much of that at Trader Joe's. ...might be why I like it.
LIBERATOR
Refer to me as "Mein Fuhrer" and I will follow your advice.
CUNTICA
especially like Rush's rendition of "Yes, we have no bananas!' when
Adolf Hitler's farewell speech is played backwards!
LIBERATOR
Okay I'll check it out.
Now state "Mein Fuhrer is the savior of us witchcraft obsessed people.
We must destroy RUSH and Steven Spielberg to serve the great
fatherland Deutschland!!"...
I'm willing to deal on this if you don't like all of it.
CUNTICA
the savior of us witchcraft obsessed people.
We must destroy RUSH and Steven Spielberg to serve the great
fatherland Deutschland!!"...
............................yes, Steven Spielberg is the worst of the
worst only followed by Steven Sagall & Johnathon Livingston Seagull!
LIBERATOR
Hey, don't make fun of Steven Seagull, wait a minute is that how you
spell it?
What about Chuck Norris?
Do you love Chuck?