Dutch retailer Ahold and the Belgian retail chain Delhaize have announced their intention to combine into a single company with the filing of joint merger proposal on the 15th January 2016. The two companies originally announced their merger plans in June 2015, stating that their intention was that of “creating an international retailer with a portfolio of strong, trusted local brands and more than 375,000 associates serving more than 50 …
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Ahold
Retail firm Ahold has opened the doors to Bfresh, the firm’s new fresh-focused store concept, in Allston, Boston, USA. According to the company, the new store represents “a complete departure from traditional brick-and-mortar grocery stores”. Although similar in concept to Everything Fresh – a store that the company opened in Philadelphia in 2013 – Bfresh is three times larger at 10,000 sq ft and is said to be a ‘learning …
Belgium-based European grocery chain Delhaize Group has confirmed that it is in preliminary talks with Dutch rival Royal Ahold over a possible merger deal. In a brief statement, the two companies said that they had held discussions “to explore the opportunity of combining the two companies”. According to reports in CNBC and the Wall St Journal, the combined company would be worth an estimated €25 billion and would become a siginificant …
According to media reports, Ahold has reached an agreement to acquire the Spar business in the Czech Republic. The move is a further step in Ahold’s plan to restructure its European business. After previously selling its ICA operations in Sweden (which yielded €2.5bn including dividends), the company is now aiming to strengthen the market position in the Czech Republic. The value of the deal, through which Ahold will acquire 50 …
Netherlands-based supermarket group Ahold has reported its results for Q4 2013, revealing a decline for the quarter compared to the same period of the previous year. Total US sales for the quarter were 2.1% down at $6billion, and the retailer also saw its market share fall back slightly. Ahold USA attributed the sales decline to food price disinflation and to the effects of Hurricane Sandy in 2012, when the retailer …
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