Trader Joe’s Co-Founder died

Almost everybody knows Trader Joe’s, but few know that the offering basic not super-processed, affordable food, pushing their own brand, passing savings on to the consumer by concentrating on fewer and more essential products supermarket is a German idea.

According to news agency reports, Theo Albrecht, one of Europe’s richest men with an estimate fortune of 17 billion Euro has died. He was the co-founder of Germany’s worldwide discount supermarket chain Aldi, called Hofer in Austria and a co-owner of Trader Joe’s in the United States.
With his brother Karl Albrecht built a discount supermarket chain that spread all across Europe, expanding stores to France, Spain, Portugal, Poland and the United States, among other nations. Aldi has over 8,000 stores around the world. The Acronym Aldi stands for “Albrecht Discount”.

Both brothers serves as soldiers in WWII and took over their parents grocery store, when they returned to Essen. In 1971 the entrepreneur was kidnapped for 17 days and was released after paying seven million Deutschmarks ransom. He became a recluse thereafter. He was said to had collected old typewriters and loved the game of golf. He is survived by his wife Cilli and his two sons Theo and Berthold.
Shy of the spotlight and secretive, the two brothers were only featured as silhouettes in 1992 Forbes Magazine as the world’s richest men. No picture of them has been published in years.
The company said he died Saturday in his home city of Essen, but gave no cause of death.

The German Retail Federation said the country had lost one of its greatest entrepreneurs.
“There are only a few people who have stamped their mark on an entire business sector of the economy. Theo Albrecht achieved just that,” the federation’s managing director, Stefan Genth, said in a statement.

Customers push their shopping trolleys outside an Aldi supermarket in Berlin July 28, 2010. Theo Albrecht, one of Germany's wealthiest men and co-founder of the Aldi discount supermarket chain, with a fortune estimated at nearly 17 billion Euro, died on Saturday, German media reported.  REUTERS/Fabrizio Bensch (GERMANY - Tags: SOCIETY OBITUARY)

Murder victim model Jasmine Fiore's white Mercedes sedan was found today August 24, 2009 abandoned in the parking lot of this Trader Joe's grocery store just blocks away from her home in West Hollywood, Ca California. Police are confident that finding this automobile will lead to key evidence in resolving the investigation into her death. Fiore's body was found August 15, 2009 in a trash bin. Her fingers and teeth were missing.Orange County prosecutors charged her ex-husband, Ryan Jenkins, with murder and launched a manhunt. Jenkins, who appeared on VH-1's Megan Wants a Millionaire, was found dead Sunday in a motel room in his native Canada. Fame Pictures, Inc