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secretive Aldi heir dies at 58

 
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secretive Aldi heir dies at 58
"Berthold was a fighter, and full of hope to the end," his wife, Babette, wrote in a fullpage notice published in several German newspapers, indicating that he had been ill for some time.The family has taken a back seat from daytoday operations at Aldi since 1993, when Berthold's father appointed managers from outside the family, and Berthold's death is unlikely to have any significant impact on the company"There will be no change to the operational business," Westend Brokers analyst Klaus Kraenzle said,[url=http://www.sport.fr/sponsoring/uggpascher.html]bottes ugg femmes[/url], highlighting how the reins had already been handed over to external managers. "Management is aware of the challenges they are facing fromLidl, which is acting very aggressively."The dominance of the German food retail market by discounters Aldi and Lidl has made it difficult for outside players to make money from supermarkets in Europe's largest economy, with even the mightyWalMart having to concede defeat.Yesterday's notice from the notoriously private family said that Berthold's funeral had taken place in November, but it did not give further details of the circumstances of his death.The family has fiercely guarded its privacy since the kidnapping of Theo for 17 days in 1971. He was eventually released after a ransom of about $3m was paid.


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