King of Discount Aldi Founder Theo Albrecht Dies

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.
Theo Albrecht, who founded the discount grocery chain Aldi together with his brother Karl, died on Saturday (1971 photo).

Theo Albrecht, who founded the discount grocery chain Aldi together with his brother Karl, died on Saturday (1971 photo).

Foto: Roland_Scheidemann/ picture-alliance/ dpa