Ahold Delhaize generated more profit in the third quarter thanks to better-than-expected synergies. Delhaize Belgium has improved, but still lags behind: a closer collaboration with Albert Heijn should help boost performance.
Belgian-Dutch supermarket company Ahold Delhaize has fired Denis Knoops, CEO of the Belgian Delhaize branch. He pays the price for his division’s weak performances and will be replaced by Xavier Piesvaux.
Over the past few months, Ahold Delhaize’s share had to deal with plenty of setbacks, mainly because of Amazon’s competition. Investor group VEB says the supermarket company has listed a few outcomes for the Belgo-Dutch group.
Belgian-Dutch supermarket group Ahold Delhaize has had a very good second quarter, with the company thinking last year's merger could result in lower costs than previously anticipated. On the other hand, Belgium's performance is still weak.
Both Ahold Delhaize and Colruyt suffered blows on the stock exchange as it seems like investors have completely lost faith in supermarket shares. However, they are not all alike, because Ahold Delhaize seems to bounce back, unlike Colruyt.
It was as clear as day that Amazon would one day acquire a supermarket chain, but nevertheless, the news hit everyone like a bombshell. What are the consequences of Whole Foods's acquisition for food retailers worldwide?
Amazon dealt a serious blow to Ahold Delhaize and Walmart: it acquired supermarket chain Whole Foods Market, its giant introduction to physical food retail. AD’s share was in freefall after the announcement, down 10 % after only an hour.
Mark the date: on 15 June, Lidl will open its first American store. In charge is someone who earned his stripes in Belgium and the Netherlands, but the main question is whether Ahold Delhaize should fear the German discounter’s arrival?
Belgian-Dutch merger company Ahold Delhaize has released decent results for its first quarter of 2017: the Netherlands performed well, but the integrated stores’ performance in Belgium is still worrisome.