Ahold USA buys local American supermarket

Ahold USA buys local American supermarket

Retail giant Ahold has bought a local Rhode Island supermarket, Eastside Marketplace. It is geared toward the higher echelons of the market and specializes in biological and fresh products. It will keep its own name despite the purchase.

Owner becomes consultant

Several media outlets reported on the purchase on Wednesday and Ahold USA subsequently confirmed it had bought Eastside Marketplace, located in Providence - Rhode Island, for an undisclosed fee. The owner, Scott Laurans, will become a consultant at Ahold.

 

An Ahold spokesperson said that the purchase fits the company's activities perfectly and it is not a particularly noteworthy event. He noted that Ahold has some 3,000 similar supermarket all across the United States and Europe, even some as franchise stores.

 

Ahold uses several different concepts to approach the customer, like Stop & Shop, Giant Food, Martin's Food Markets and Peapod with over 100,000 employees.

Questions or comments? Please feel free to contact the editors


Lower turnover and new CEO for Geox

19/01/2018

Italian shoe brand Geox’ turnover dropped slightly in the past fiscal year. It also replaced former CEO Gregorio Borgo with Matteo Mascazzini, who came from Italian fashion brand Gucci.

Slower growth for Primark

18/01/2018

Irish fashion chain Primark has seen its first quarter turnover grow 7 % at level exchange rates and 9 % taking the fluctuations into account. Analysts however had expected faster growth.

Zalando's profit is slightly below expectations

17/01/2018

German fashion web shop Zalando has grown nearly a quarter in the past fiscal year and its company profit also nearly grew 5 %, although the latter was slightly below its own expectations.

Record turnover for Yoox Net-a-Porter in 2017

16/01/2018

Online retailer Yoox Net-a-Porter (YNAP) achieved a record turnover in 2017, surpassing two billion euro. That is a growth of more than 10 % compared to the year before, when it just missed that milestone.

Hugo Boss reaches growth targets for 2017

16/01/2018

German fashion brand Hugo Boss has managed to reach its targets for 2017, partially thanks to strong fourth quarter growth. For its full fiscal year, turnover grew 3 % (excluding exchange rate fluctuations).

C&A owners consider sale to Chinese investors

15/01/2018

The Dutch Brenninkmeijer family is considering to sell clothing chain C&A, according to German magazine Der Spiegel. One option is to sell to Chinese buyers.

Back to top