A Billionaire Went on a Skiing Expedition. Now, He’s Missing

Rescue workers in the Swiss resort of Zermatt are searching for the co-head of family-owned German retailer Tengelmann Group after the 58-year-old German went missing while on a skiing expedition, local police said.

Karl-Erivan Haub, co-chief executive officer of Muelheim an der Ruhr-based Tengelmann, left on Saturday morning for ski touring and never returned, the Valais cantonal police said. The activity is typically done off-piste, with participants ascending a mountain on foot and then...

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