NETHERLANDS: Ahold completes divestment of De Tuinen
Troubled Dutch retailer Royal Ahold today announced that a definitive agreement has been reached with NBTY, a US-based producer of dietary supplements, for the divestment of Ahold’s Dutch natural products retail unit De Tuinen for around €16m (US$18.6m) in cash.
De Tuinen has been part of Ahold's Dutch health and beauty care division since 1991 and consists of 41 owned stores and 25 franchise stores. De Tuinen sells a range of over-the-counter drugs, dietary supplements, gift items and natural beauty care products. De Tuinen has now been definitively transferred to Holland & Barrett Europe, a British subsidiary of NBTY.
The planned divestment of De Tuinen, announced on 11 December 2002, is part of Ahold's strategic plan to restructure its portfolio to focus on high-performing businesses and to concentrate on its mature and most stable markets.
Dutch retailer Ahold has announced the completion of the sale of its chain of 198 Wilson Farms and Sugarcreek convenience stores, part of its US subsidiary Tops Markets....
Dutch retailer Ahold has announced that Kerry Underhill has been appointed senior vice president corporate communications, effective 1 July 2005....
Dutch retailer Ahold has reported sales and operating income little changed in the first quarter of 2005, but net income was sharply down because of a one time gain in the first quarter last year....
Dutch retailer Ahold has announced today (Tuesday) that its chief financial officer Hannu Ryöppönen is to leave the company....
Danish based dairy company Arla Foods is opening a new representative office in Hungary....
Dutch retailer Ahold today (Wednesday) announced that it had signed a new €2bn (US$2.5bn) credit facility with a syndicate of fifteen banks. ...
Dutch retail giant Ahold has said its net sales declined 1.0% to €13.0bn (US$16.5bn) for the first quarter of 2005....
Supermarket company Giant Food, a subsidiary of Dutch retailer Royal Ahold's US arm Ahold USA, has announced restructuring plans for the remainder of 2005 and 2006....
- Danone's Q1: four things to learn
- Who will buy Danone's Stonyfield business?
- Column: Why snacking is the new meal
- Opinion: Big Food needs to think radically
- Nestle Q1 update: four things to learn
- Nestle to cut UK confectionery jobs
- PepsiCo affirms full-year target as Q1 hits mark
- Glanbia signs deal on Dairy Ireland stake sale
- Dole Food Co. files to go public again
- 2 Sisters' chief Boparan invests in UK's Crawshaw