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Fresh Direct

Ahold Delhaize reports ‘solid’ Q4 results

Ahold Delhaize reports ‘solid’ Q4 results

ZAANDAM, The Netherlands — Ahold Delhaize reported solid results for its fourth quarter and 2023 fiscal year, with full-year sales and earnings per share in line with expectations. Fourth quarter net sales were €23.0 billion ($24.65 billion), up 1.9% at constant exchange rates and down 1.4% at actual exchange rates. Comparable sales, excluding gas, increased

MMR honors ‘People Who Made a Difference’

MMR honors ‘People Who Made a Difference’

Mass Market Retailers held a reception in New York City recently to honor the executives chosen as the publication’s “People Who Made a Difference” in 2022. Receiving awards were: Scott Crawford, chief merchandising officer at Fresh Direct; Heather Hughes, group vice president of beauty, personal care, seasonal at Walgreens; and Vinima Shekhar, vice president of

Video Forum: Dave Bass, FreshDirect

Video Forum: Dave Bass, FreshDirect

Dave Bass, managing director of FreshDirect, takes stock of the online grocer on the occasion of its 20th anniversary. He tells this week’s Video Forum about how FreshDirect has helped change the way that consumers approach food shopping, the importance of maintaining close ties with local farmers and other suppliers, efforts to build customer loyalty,

Fresh Direct co-founder and CEO steps down

Fresh Direct co-founder and CEO steps down

NEW YORK — Fresh Direct CEO David McInerney has stepped down from his position at the company he co-founded. Ahold Delhaize, which finalized its acquisition of Fresh Direct earlier this year, on Wednesday tapped Farhan Siddiqi, its chief digital officer, to serve as interim CEO of the online grocer. “FreshDirect has been an amazing, life-changing, 20-year

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