Dieter Schwarz controls the Schwarz Group, the largest closely held
discount grocer in Europe, which operates the Lidl and Kaufland
supermarket chains. He controls the companies through the Dieter Schwarz Stiftung, a limited liability company with a charitable purpose. The group has more than 10,000 stores in Europe and generated $83 billion in 2011 sales.
The founding family of U.K. grocer Wm Morrison Supermarkets Plc has contacted private-equity funds such as CVC Capital Partners Ltd. and Carlyle Group LP to weigh their interest in taking the retailer private, people with knowledge of the matter said.
On a recent Saturday afternoon at a Lidl supermarket in London, a 500-gram slab of minced beef was on sale for 2 pounds ($3.21), half the price of the same product at a Sainsbury Local store a few blocks away.
Mike Coupe has been instrumental in making life difficult for Britain’s supermarket leader Tesco Plc. In his new position as chief executive officer of J Sainsbury Plc, he may have the tables turned on him.
J Sainsbury Plc joined Wal-Mart Inc’s Asda as Britain’s second-largest grocer over the holiday period after being the only one of the U.K.’s four main supermarkets to resist the advance of discounters Aldi and Lidl.
Michaela Angle has a taste for refined things. The London estate agent drives a silver BMW and is planning a Christmas dinner full of luxury fare. This year, however, she’s buying more than ever at Lidl, the German grocer better known for cut-throat pricing than holiday treats.
J Sainsbury Plc, the U.K.’s third- largest supermarket chain, lowered its full-year sales outlook amid what it expects to be a tough end to the financial year as consumers tighten their belts after Christmas.
Bloomberg Markets’ inaugural list of the world’s richest people showcases the billionaires who pull the levers on the global economy. Their net worth totals $2.7 trillion, about the size of the gross domestic product of France, the fifth-biggest economy on the planet.