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German billionaire missing in Alps since Saturday

AP  |  Berlin 

Authorities in and are searching for a German billionaire who has been missing in the since the weekend.

Karl-Erivan Haub, heir to the retail empire, failed to return from a ski excursion Saturday near Switzerland's famous Matterhorn peak on the border with

A for Tengelmann, Sieglinde Schuchardt, said Wednesday that there was no yet on the fate of the 58-year-old.

Haub who was born in Tacoma, and his brother have led the company since 2000.

Tengelmann's main businesses are the hardware and clothing retailer It also has large stakes in the Netto and

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, April 11 2018. 12:35 IST