Rescue Teams Search for German Retail Magnate Missing in Alps

Rescue Teams Search for German Retail Magnate Missing in Alps
Karl-Erivan(L), Georg and Christian Haub of the retailer group Tengelmann pose for photographers in the western town of Muelheim, Germany, Aug. 20, 2009. REUTERS/Ina Fassbender/File Photo
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ZURICH—Swiss and Italian police continued their search on Wednesday for German retail magnate Karl-Erivan Haub who has been missing since Saturday when he failed to return from an off-piste skiing tour in the Alps.

The 58-year-old Haub, whose family is among Germany’s wealthiest, has run the Tengelmann group since 2000. The company owns the OBI home improvement chain and KiK fashion discounter.