Delhaize America gets new CEO

Delhaize America gets new CEO

Delhaize Group has finally found a CEO for its American branch, after a very long search. Kevin Holt will leave competitor Supervalu and join the Belgian department store group.

Search was on since Roland Smith left

The company had been looking for a new CEO since September, when former CEO Roland Smith left the company. His departure coincided with Frans Muller's announcement as the group's new CEO, succeeding Pierre-Olivier Beckers. Insiders claimed Smith wanted to fill the position himself.

 

The American supermarket chains belonging to Delhaize Group (Food Lion, Hannaford and Bottom Dollar) became Frans Muller's direct responsibility up until the arrival of a new CEO. Kevin Holt, who had worked for competitor Supervalu for 20 years - among others as its executive vice president of retail operations, will now become Delhaize America's new CEO.

 

Delhaize's American operations represent 60 % of the group's turnover, with Food Lion and its 1,333 stores as the largest contributor.

Questions or comments? Please feel free to contact the editors


Zalando's growth once again surpasses 20 %

10/08/2017

German Zalando has achieved its 20 % growth target for the second quarter, but just barely. It still forecasts a 20 to 25 % growth for its full fiscal year.

Gucci files lawsuit against Forever 21

09/08/2017

Fashion label Gucci has decided to file a lawsuit against fashion chain Forever 21 in the United States. The case revolves around several pieces of clothing, all with a blue-red-blue or green-red-green ribbon. 

Ralph Lauren outperforms expectations

08/08/2017

Fashion label Ralph Lauren’s first quarter was a very good one, as it beat both analysts’ turnover and profit forecasts. It is quite a turnaround for a company that suffered a huge loss only a year ago.

Difficult first quarter for New Look

08/08/2017

British fashion chain New Look’s past quarter was disappointing with a 4 % turnover drop. Its adjusted EBITDA fared much worse, with a 35 % drop.

ING forced to pay Foot Locker compensation

07/08/2017

Dutch ING Bank will have to pay the Dutch and European Foot Locker branches 300,000 euro in damages. A court decided the fee after Foot Locker was scammed for 1.8 million euro in 2015.

Asics opens its largest store yet in London

04/08/2017

Sports brand Asics opened a new flagship store in London, which is also its largest store in the world. Located in Regent Street, the store will bring together its four labels for the first time ever.

Back to top