The 80-year-old is the owner of the Schwarz Group, the fourth-largest retailer in the world by revenue.
In March 2017 its Australian website was up and running and in October that year it purchased its first site in South Australia, forking out around $25 million.Then in 2019 it began constructing a $450 million distribution centre in Victoria and purchasing other sites across the country. So far, details behind the decision have been scant, with the company simply confirming the sudden withdrawal in a brief statement.
He married wife Franziska Weipert in 1963, and joined his father’s company in 1973, opening the first Lidl store that year based on the Aldi discount model. , the documentary also revealed some fascinating details about Mr Schwarz’s life which are not widely known, such as the year he spent in the US as a teen in the 1950s, and the fact he got ahead of the competition by selling goods out of tents soon after the Berlin Wall came down in a bid to muscle in on the East German market.
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