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The first Trader Joe's store was opened in 1967 by founder Joe Coulombe in Pasadena, California. [ 4 ] [ 5 ] In 1979, the chain was sold to Aldi founder Theo Albrecht , [ 6 ] who owned it until his death in 2010; ownership passed to his heirs. [ 7 ]
Theo and Karl Albrecht split the Aldi Company they founded in 1960 after a dispute about whether to sell cigarettes. [8] The supermarket divided into two legally separate operating units with two distinct geographical locations. Theo's Aldi Nord set to operate in the north of Germany, while Karl's Aldi Süd set to operate in Germany's south. [9]
In 1967, Coulombe changed the name Pronto Markets to Trader Joe's. He led the chain to success and sold it in 1979 to German billionaire Theo Albrecht, co-founder of the Aldi supermarket chain. [2] [7] Coulombe continued with Trader Joe's as chief executive officer until retiring in 1988. [2]
German brothers Theo and Karl Albrecht turned their family's local grocery store into a global chain with over 10,000 stores and billions in revenue — that bought Trader Joe's.
People love shopping at Trader Joe’s, but even the most ardent fan of this quirky store and its private-label brands might have missed these bits of lore. Facts We're Sure You Didn't Know About ...
From the time he opened his first grocery store in 1967 until his death this week, Coulombe watched his namesake business grow into a retail giant.
Aldi started to expand internationally in 1967, when Aldi Süd acquired the grocery chain Hofer in Austria. [26] Aldi Nord opened its first stores abroad in the Netherlands in 1973, [27] and other countries followed. In 1976, Aldi Süd opened its first store in the United States in Iowa, [a] [29] [30] and, in 1979, Aldi Nord acquired Trader Joe ...
Trader Joe’s launched in the late 1960’s in Pasadena, Calif., a short drive from Downtown Los Angeles. The company was purchased by Aldi founder Theo Albrecht in 1979 and is still owned by his ...