RIP: Trader Joe's co-owner passes away.....

[NewtonMP2100]

....or at least to one of the co-owner, Theo Albrecht, he just passed away....


Theo Albrecht, secretive co-owner of Trader Joe's, dies at 88

...Theo Albrecht, the secretive co-founder of Germany's worldwide discount supermarket chain Aldi, a co-owner of Trader Joe's in the United States and one of Europe's richest men, has died at age 88.

The retail machine that Albrecht built with his brother Karl has won over German consumers with their no-thrills but super-cheap offer, making billionaires of the two and spawning imitation "hard-discount" stores across Europe.

The company's Aldi Nord division said in a statement Wednesday that Albrecht was the driving force behind Aldi's internationalization, expanding stores to France, Spain, Portugal, Poland and the United States, among other nations.

The company said he died Saturday in his home city of Essen, but gave no cause of death.....


the news.....

[$tevie]

Okay, I must object to the headline. Granted you'll get lots of views, but it is REALLY misleading to the point of irritating.

[OWC Jamie]

Yeah, mean, mean mean, on the subject headline

was half expecting news that WalMart or Sears/K-Mart (or maybe even Apple) bought TJ's.


:-) :-) :-)

[Grateful11]

Yeah that headline is pretty bad. I saw the news of his death yesterday on BBC.

[M A V I C]

Give her a break on the subject, she's just trying to get a job in the media.

[Wailer]

Not to nitpick, but it was founded by Joe Coulombe, who is still alive, and he sold it to one of the founders of Aldi.

[hal]

I unignored FOR THIS?

booooooooo

[N-OS X-tasy!]

$tevie wrote:
Okay, I must object to the headline. Granted you'll get lots of views, but it is REALLY misleading to the point of irritating.

Agreed. Also, he was a co-owner, not a co-founder. Better QC on forum posts, please.

[Doc]

NewtonMP2100 wrote:
The retail machine that Albrecht built with his brother Karl has won over German consumers with their no-thrills but super-cheap offer, making billionaires of the two and spawning imitation "hard-discount" stores across Europe.

Wait...

Trader Joe's is supposed to be cheap?!!

[Grateful11]

Doc wrote:
[quote=NewtonMP2100]
The retail machine that Albrecht built with his brother Karl has won over German consumers with their no-thrills but super-cheap offer, making billionaires of the two and spawning imitation "hard-discount" stores across Europe.

Wait...

Trader Joe's is supposed to be cheap?!!
I've been in Trader Joe's twice and as far as organic stuff it is cheap when compared to other organic
stores but as a whole it's not a store for the really frugal minded like Aldi's. They have nice flowers cheap.