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.
Dieter Schwarz News
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William Morrison Supermarkets Plc faces a second year of declining same-store revenue as a lack of convenience stores and the absence of an online grocery business hampers progress, Chief Executive Officer Dalton Philips said.
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William Morrison Supermarkets Plc Chief Executive Officer Dalton Philips didn’t get a bonus and was paid almost 40 percent less last year as the company failed to meet targets.
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Billionaire Dmitry Rybolovlev, Russia’s 14th-richest person, and his wife, Elena Rybolovleva, have been brawling for almost five years in at least seven countries over his $9.5 billion fortune.
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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.
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Asda, the U.K. supermarket chain owned by Wal-Mart Stores Inc., said sales rose 4.5 percent last year and it’s investing 700 million pounds ($1 billion) into stores and online operations.
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Tesco Plc regained some market share in the U.K. over the past month as the country’s biggest grocer invests 1 billion pounds ($1.5 billion) to help win back shoppers, data from Kantar Worldpanel shows.
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Dutch supermarket owner Royal Ahold NV and German retailer Kaufland Stiftung & Co Kg are being investigated by a Czech regulator for a possible breach of rules on market dominance.
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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.
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Cirrus Design Corp. won a jury verdict clearing the company of liability in the death of New York Yankees pitcher Cory Lidle , who was killed when his plane slammed into a Manhattan building in 2006.
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The widow of former New York Yankees pitcher Cory Lidle, who died in a plane crash in Manhattan, appealed a jury verdict that found the maker of the aircraft wasn’t responsible for his death.
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