Dieter Schwarz Bio, Wiki, Age, Height, Wife, Children, Net Worth and Lidl
Dieter Schwarz born on 24 September 1939 in Heilbronn, is a German entrepreneur and owner of the Schwarz-Gruppe. He is the CEO and chairman of the supermarket chain Lidl and the hypermarket chain Kaufland. Dieter inherited Schwarz Group from his father after he passed on in 1977. He became a partner in Suedfruechte Grosshandel Lidl & Co., a fruit wholesaler, in 1930.
In 19973 he opened the first Lidl store becoming the CEO of Schwarz Group in 1977. He took the naming rights from the co-owner Ludwig Lidl who gave up all the responsibilities of the Schwarz Group. At the time the retail marketing sector in Germany was moving forward and Dieter found the best deals which helped with the company growth. He eventually got the ownership of the Kaufland chain of hypermarkets.
He later sold shares of Lidl to a charitable foundation. He later took over the full control over the shares of the Schwarz foundation by converting it into a charitable purpose and not a foundation
