Dutch retailer Ahold Delhaize has announced that it has reached an agreement with Deen to acquire 39 stores to be converted into the Albert Heijn banner.
According to Ahold Delhaize’s press release, Deen intends to sell 80 stores, the distribution centres, remaining business units, and the head office in Hoorn. The family-owned Deen company said that high costs needed to be ‘future-proof’ had led to its decision to sell the company.
An agreement is said to have been reached between Deen and Albert Heijn, Vomar Voordeelmarkt, and DekaMarkt. Albert Heijn will acquire and convert 39 stores, whereas Vomar Voordeelmarkt will acquire and convert 22 stores, and DekaMarkt will buy and convert 19 stores.
Store associates will keep their jobs as all parties have expressed the intention to ensure maximum job retention for the remaining activities.
The financial details of the deal have not been disclosed and the transactions are expected to be finalized in the second half of the year.
Source: Ahold Delhaize press release