![]() ![]() Delhaize, founded in Belgium in 1867, was equally prominent in its domestic market, but its cash cows were the two US chains Food Lion (in the Carolinas and Virginia) and Hannaford (in New England). ![]() Ahold finally regained stability in 2007 having divested more than half of the subsidiaries it once owned. Only a complete overhaul and the sell-off of non-core or unprofitable businesses saved the group from total collapse. Ahold was almost destroyed in 2003 by a financial scandal which began with a $880m fraud at its mammoth US foodservice division, and led to the discovery of accounting errors at several other subsidiaries as well. These are the main remaining operations of what was once a substantially larger group. However more than 60% of Ahold's revenues already came from the US where the group owns the US supermarket chains Food Lion, Stop & Shop, Giant and Martin's, operating mostly in the Northeast and Mid-Atlantic regions, as well as online grocer, operating mainly in the urban mid-West. Ahold also owns the online retailer Bol.com (originally launched by Bertelsmann in 1999 as a rival to Amazon). Ahold's Albert Heijn subsidiary is the leading supermarket operator in Holland, with over 35% market share, partnered by health & beauty chain Etos and liquor shop Gall & Gall. The merger in 2016 of retailers Ahold (from the Netherlands) and Delhaize (of Belgium) created a major force in Europe's low countries, but an even more dominant player in the US, where the combined business became the #4 grocery retailer behind Walmart, Kroger and Albertsons. ![]()
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