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Trader Joe's is an American grocery store chain headquartered in Monrovia, California, with 597 locations across the US. [3]The first Trader Joe's store was opened in 1967 by founder Joe Coulombe in Pasadena, California.
Theodor "Theo" Albrecht Jr. (born 1950) is a German billionaire businessman, the owner of Trader Joe's and Aldi Nord, and the son of Aldi's co-founder. As of July 2021, Albrecht's net worth is estimated at US$20.6 billion.
Aldi Nord also owns the Trader Joe's grocery chain in the United States, which operates separately from the group. [14] Aldi Süd's responsibilities are for Southern Germany, Australia, China, Ireland, the United Kingdom, the United States, and through Austrian subsidiary Hofer AG in Austria, Hungary, Italy, Slovenia, and Switzerland. [37] [38]
There Was a Real ‘Joe’ The Joe behind Trader Joe’s was Joe Coulombe, whose “national chain of neighborhood grocery stores” began in 1967 in Pasadena, California.
A German family owns Trader Joe’s. Ben & Jerry’s, the quintessential Vermont brand, is under the arm of Britain’s Unilever. ... bid for Japan’s Seven & i Holdings, the parent company of a ...
The German supermarket chain is gearing up to open as many as 600 U.S. locations -- and it has the power to cripple Whole Foods and 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] Coulombe served on the corporate boards of Cost Plus World Market, Bristol Farms, True Religion, and Imperial Bank. [4] [8]
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