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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.
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]
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.
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]
A German family owns Trader Joe’s. Ben & Jerry’s, the quintessential Vermont brand, is under the arm of Britain’s Unilever. And Budweiser — the beloved “American-style” lager — is ...
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.
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.
For the first time in four years, Trader Joe's no longer holds the title as America's Favorite Grocery Store. It's fallen back two spots to number three.