Ahold Delhaize's turnover suffers from a tough American market, but the merger company saw more positive results in its home markets Belgium and the Netherlands. Online growth is a highlight in the company's results.
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Despite a lower turnover in Belgium, Albert Heijn has raised its profits by 40% to 5.7 million euro. The chain plans to keep on expanding despite its merger with local powerhouse Delhaize.
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Ahold Delhaize has announced two changes to its management team in Europe: Vassilis Stavrou becomes Brand President of Alfa Beta in Greece. He succeeds Leonidas Vrettakos, who is retiring after 21 years with the business.
Ahold Delhaize’s American division will found a new company focused on digital innovation: Peapod Digital Labs will become a lab for new digital, eCommerce and personalization strategies.
Belgian-Dutch merger group Ahold Delhaize has had a decent first quarter, thanks to a Belgian turnaround, a good performance in the United States and strong online growth. Unfavourable exchange rates did spoil the party somewhat.
Ahold Delhaize CEO Dick Boer’s final general assembly was rather tumultuous, because of the “protection wall” that should guard the supermarket giant from hostile takeovers.
Dick Boer will step down as Ahold Delhaize CEO on 1 July and then leave the company. Deputy CEO Frans Muller will succeed him, according to the retailer’s press release.
Romanian supermarket chain Mega Image, part of Belgian-Dutch Ahold Delhaize, has opened a new concept store in the centre of Bucharest. The store claims to offer a new level of shopping experience in the heart of the city.
Belgian-Dutch retail group Ahold Delhaize did publish strong fourth quarter results, but its Belgian branch Delhaize failed to live up to expectations. The remodeled board will therefore propose a new strategy in the next few months.
According certain insiders, former Delhaize CEO Frans Muller will soon take charge of Ahold Delhaize. Muller is currently only deputy CEO, but chances are he will take over from Dick Boer.
Ahold Delhaize appointed Johan Boeijenga as its new Indonesian supermarket chain Super Indo’s president. Up until now, he had been Kruidvat Belgium, Netherlands and Luxembourg’s COO.
Belgian-Dutch retail group Ahold Delhaize has posted decent fourth quarter results, mainly thanks to excellent performances by Dutch subsidiaries Albert Heijn and Bol.com. Delhaize is holding steady in Belgium, but performs well in the US.
Belgian supermarket group Delhaize has announced it will rearrange its board of directors. New CEO Xavier Piesvaux has appointed four new people to the rank of senior vice president.
Ahold Delhaize has bought back 10.6 million euros’ worth of shares between 27 and 29 December 2017, the last phase of a billion euro buyback operation. The next operation will be twice as large, worth 2 billion euro.
Stock exchange analysts are a fan of European supermarket chains again. The fear for Amazon is an exaggeration and the food industry has received too much negativity, according to fund managers’ forecast of 2018.
The Ahold – Delhaize merger continues: in January, both Ahold USA and Delhaize America will merge, which will lead to more cost-cutting measures for the Belgian-Dutch merger company.