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.
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.
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.
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.
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.