A search is underway in the Swiss Alps for one of Germany’s richest men who went missing while skiing.
Karl-Erivan Haub, heir to the Tengelmann supermarket chain, failed to return from an off-piste skiing expedition near the Matterhorn on Saturday.
A Tengelmann spokeswoman confirmed that a search was underway for the 58-year-old billionaire, who has been in charge of the firm since 2000.
It owns various supermarket brands in Germany and Central Europe.
In a letter published in the German newspaper Handelsblatt,~his brother Christian Haub described him as an experienced skiier and mountaineer.
He said he was still hopeful his brother would be found alive, but that the Haub family was ‘prepared’ for bad news.
