Ahold - Delhaize merger could be finalized this month | RetailDetail

Ahold - Delhaize merger could be finalized this month

Ahold - Delhaize merger could be finalized this month

According to sources close to the deal, the Dutch Ahold and Belgian Delhaize merger could be finalized this month. The deal will not lead to store closures as there is very little geographical overlap between both companies.

Up to 700 million euro in savings

The sources say that its new corporate structure will help save between 300 to 700 million euro on a yearly basis, according to press agency Bloomberg. The cost-saving measures would take place in several branches like its purchase branch, logistics, administration and main offices. No meaningful closures would be required as both companies stay clear of each other geographically, both in the US and in Europe.

 

The merger would only consist of share exchange, with no money being paid to either party. The current topic is apparently who will be on the board of directors.

 

On 12 May, Ahold and Delhaize admitted that they were talking, after rumours had surfaced about possible talks. Negotiators on both sides are said to be optimistic about the current state of affairs, but whether the merger will actually happen is still something that remains to be seen. Both Ahold and Delhaize have refrained from any comment on the matter.

Questions or comments? Please feel free to contact the editors


3 Suisses bankrupt in Belgium

19/07/2018

The Belgian branch of 3 Suisses has been declared bankrupt, after the sales period started with a disastrous 30 % decline in turnover. Eleven jobs are under threat.

Adidas wants to strengthen bond with small retailers

15/07/2018

German sportswear giant Adidas says it wants to strengthen its bond with small-scale retailers after they claimed Adidas is too aggressive in pushing its web shop, especially as they feel the brand is favouring large international chains as well.

Several candidates to take over Men at Work

12/07/2018

There are several takeover candidates for both the Dutch and the Belgian stores of the bankrupt clothing chain Men at work. The curator is confident an agreement should be reached today in Belgium.

Burberry sales increases thanks to new strategy

11/07/2018

The new strategy of the British fashion brand Burberry starts to render: the company had a 3% increase of revenue in their own stores last quarter. In total, Burberry has now a revenue of 479 million pounds (520 million euros).

FNG moves to Brussels stock exchange

06/07/2018

Belgian fashion group FNG has collected 60 million euros by issuing new shares. The new shares will be traded on the Amsterdam Stock Exchange and - for the first time - on the Brussels Stock Exchange as well.

Athleteshop ends its run

02/07/2018

Dutch sports web shop Athleteshop has filed for bankruptcy, after an abysmal year in which strings of complaints led to all sorts of problems. Social media and review sites were flooded with customers complaining about late deliveries.