NETHERLANDS: Speculation that Tops is going to Tesco dampened by Ahold investment
Over the next three years, the Dutch retailer Ahold has announced its intention to invest in its 40 strong Malaysian supermarket chain Tops to the tune of between £2.7m and £3.6m. Tops is the market leader in Malaysia and recently speculation has abounded that Tesco was in talks for a buyout. A spokesman from Ahold commented, however that: "It has never been discussed. On the contrary, we're proud of the company. We're continuing to invest and expand the chain - acquisition is a future possibility."
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Focus: Nestle CEO plan to balance sales, earnings
- Does Kraft Heinz want to swallow Unilever whole?
- Will Kellogg's DSD exit help it grow in US snacks?
- Comment: Meal kits in US - don't believe the hype
- Is Mondelez's margin target hurting sales?
- Nestle plans restructuring as 2016 profit misses
- Danone eyes efficiency, agility with new structure
- Kraft Heinz pursuing Unilever in takeover move
- Kraft Heinz returns to organic growth, ups margins
- Danone sales dampened by Europe, China