BAVIS_1170x120_10-22-20

Ahold Delhaize

Ahold Delhaize to acquire Fresh Direct

Ahold Delhaize to acquire Fresh Direct

NEW YORK — Ahold Delhaize has entered into a definitive agreement to acquire a majority stake in the online grocer FreshDirect, the company said Wednesday. Ahold Delhaize will acquire the majority share, funded by cash on hand, and Centerbridge Partners will be a minority equity investor with a 20% stake. After the deal closes, FreshDirect

Ahold Delhaize sales surge in Q3

Ahold Delhaize sales surge in Q3

ZAANDAM, the Netherlands – Ahold Delhaize posted net sales of €17.8 billion (about $20.9 billion) in the third quarter. That is an increase of 6.8%, or 10.1% at constant exchange rates. Comparable sales growth (excluding gas) was up 12.4% in the United States and 7.5% in Europe, the company said Wednesday. Net consumer online sales

Ahold Delhaize to promote healthier food

Ahold Delhaize to promote healthier food

LANDOVER, Md. – With the goal of selling more healthy food, Ahold Delhaize USA is working with the nonprofit Partnership for a Healthier America on an initiative to get more nutritious food into shoppers’ baskets. The partners on October 7 unveiled a commitment to increase healthier food sales and disclose the percentage of healthy food

Ahold Delhaize views trust as differentiator

Ahold Delhaize views trust as differentiator

The trust stemming from Ahold Delhaize’s effective response to the coronavirus pandemic (which was examined in this space in the last issue of MMR), together with its long-standing commitment to delivering a comprehensive omnichannel experience, bodes well for the company as it looks to a post-COVID world. “We strongly believe in the combination, under the

Ahold Delhaize ups game during COVID

Ahold Delhaize ups game during COVID

The impact on retailers of the COVID-19 pandemic has varied considerably, even among sellers of essential products. Ahold Delhaize is one of the companies that, in the words of president and chief executive officer Frans Muller, has managed to “translate this unprecedented demand … into outstanding results.” Speaking after the release of Ahold Delhaize’s second

Ahold Delhaize sales rise 17.1% in Q2

Ahold Delhaize sales rise 17.1% in Q2

ZAANDAM, the Netherlands — Ahold Delhaize posted net sales of €19.1 billion ($22.71 billion) in the second quarter. That is an increase of 17.1%, or 15.9% at constant exchange rates. Comparable sales growth (excluding gas) was up 20.6% in the United States and 10.2% in Europe. The company saw net consumer online sales increase by

Stop & Shop drops King Kullen acquisition

Stop & Shop drops King Kullen acquisition

BETHPAGE, N.Y. — Ahold Delhaize said Wednesday that its Stop & Shop division’s planned acquisition of King Kullen Grocer Co. is off. A joint decision was made to terminate the acquisition deal because an agreement about terms of the deal could not be reached, Ahold Delhaize said in a statement. The initial announcement of the proposed merger

Ahold Delhaize sees sales surge in Q1

Ahold Delhaize sees sales surge in Q1

ZAANDAM, the Netherlands — Ahold Delhaize posted strong sales gains in its fiscal first quarter, the company announced Thursday, as consumers visited its stores in the U.S. and in Europe to stock up on food and other necessities during the COVID-19 pandemic. The company reported first quarter net sales of €18.2 billion ($19.47 billion), up

Ahold Delhaize details sustainability goals

Ahold Delhaize details sustainability goals

ZAANDAM, the Netherlands — Ahold Delhaize on Monday detailed new long-term targets for its “Healthy and Sustainable” initiative. The company said its efforts are intended to help its customers make healthier and more informed product choices, while increasing product transparency and  eliminating waste. “Food-related diseases and the impact of climate change are affecting billions of

Ahold Delhaize sees sales gain in Q3

Ahold Delhaize sees sales gain in Q3

ZAANDAM, the Netherlands — Ahold Delhaize reported that online sales gains and a solid performance in U.S. stores helped drive increased sales for the third quarter. “We saw a strong overall performance at our U.S. brands, particularly at Food Lion and Hannaford,” Ahold Delhaize president and chief executive officer Frans Muller said in a statement.

Natalie Knight named EVP of finance at Ahold Delhaize

Natalie Knight named EVP of finance at Ahold Delhaize

ZAANDAM, the Netherlands — Ahold Delhaize has named Natalie Knight executive vice president of finance, effective March 1. She will also serve as member of the executive committee. Knight will succeed Jeff Carr, who will leave Ahold Delhaize when his current term expires in April 2020. The month overlap in their tenures will ensure a

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