Theo Albrecht, 88; Aldi magnate dies

Theo Albrecht, 88; Aldi magnate dies
Theo Albrecht, a reclusive German billionaire who made his fortune building a discount-food business empire in Europe before buying and expanding the Trader Joe’s grocery chain in the United States, died Saturday in his home town of Essen, Germany. In the years after World War II, Albrecht and his older brother Karl took over their mother’s corner store in Essen and turned it into Aldi, a …