Grandson of co-founder Theo Albrecht presses charges in Germany
A feud between the German billionaire heirs to the Aldi and Trader Joe’s retail empire has further escalated after the grandson of one of the two supermarket chain’s founders decided to sue his mother for allegedly embezzling funds from a family trust.
Nicolay Albrecht, grandson of the late Aldi co-founder Theo Albrecht, has pressed charges in Kiel against his mother Babette, three of his sisters and their lawyer, alleging that they improperly withdrew millions of euros from one of the trusts that holds the family fortune, Süddeutsche Zeitung newspaper reported on Thursday.
