Delhaize Group

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USA: Report links superior eco-efficiency with financial performance of leading global food companies

13 Nov 2000

A comprehensive report in preparation by Innovest Strategic Value Advisors Inc., will present an argument in support of the linkages between superior environmental performance, competitiveness and superior financial performance in the agribusiness and food companies. As part of their investment advisory services, Innovest Strategic Value Advisors Inc. has analyzed over 60 different aspects of environmental management in leading global agriculture and food companies. Among the companies analyzed, their research shows that wide variations exist in environmental risk exposure and management capability to manage risk and capitalize on environmentally-driven business opportunities.This extensive review of global competitors in the food production industry as well as food retailers, will give strategic investors a comprehensive overview of how environmental issues will affect investment decisions relating to companies involved in agribusiness, food processing and food retailing. Results from the report will be discussed at a one-day forum entitled Moving the Markets: Profiting from the Growth of Food and Agri-Tech Companies, www.movingthemarkets.org, in Toronto on December 5th, 2000. Moving the Markets speakers will also focus on the impact of technology in creating both environmental risks and reward opportunities that will have significant effects on the long-term financial performance of agriculture and food companies.Major issues covered in Innovest's report are:

UK: Greenpeace UK launches guide to avoiding GM

20 Oct 2000

Greenpeace UK today launched a new online consumer guide to help shoppers find out whether the foods they are buying are really non-GM. The guide covers a wide range of food, including top brands as well as supermarket own brands. It highlights whether companies have a policy of avoiding derivatives of GM crops, such as GM soya oil, and whether their dairy and meat products come from animals fed on genetically modified crops.

UK/USA: WorldWide Retail Exchange announces four new members

2 Oct 2000

The WorldWide Retail Exchange (WWRE), the world's leading retail e-marketplace, today announced four new members have joined the Exchange: Bangkok-based Makro Asia; and U.S. retailers Meijer, Inc.; Wegmans Food Markets, Inc.; and Winn-Dixie Stores, Inc."We welcome these four new members and look forward to broadening our global presence in the B2B e-commerce marketplace," said Colin Dyer, WWRE chief executive officer. "The continued addition of new members illustrates the level of commitment retailers and suppliers are showing to our Exchange."

USA: Delhaize America posts disappointing Q3s and announces decision for store closures

29 Sep 2000

A significant Q3 loss of US$10.6m was yesterday (28 September) reported by grocery chain Delhaize America , a unit of Belgian retailer Delhaize "Le Lion" . Compared like-for-like with US$73m profit from last year, the company explains the dramatic drop as indicative of the costs of its

UK: Greenpeace welcomes verdict and calls on government to end GM farm experiment

21 Sep 2000

Twenty-eight Greenpeace volunteers were acquitted today of criminal damage at Norwich Crown Court, Eastern England. The volunteers had gone on trial on September 4th on charges relating to a Greenpeace action at Lyng, Norfolk, in the UK, on 26th July, 1999, where part of an experimental crop of genetically modified (GM) maize was cut down and sealed in bags as part of a campaign to prevent genetic contamination of the environment.

USA: Delhaize America Inc considering buyout offer from parent "Le Lion"

20 Sep 2000

While the US subsidiary of Delhaize SA is mulling its proposed parent buyout, analysts are speculating that the Belgian food retailing behemoth will need to increase its offer. "Le Lion" has offered just US$2bn for the remainder of its 43%-owned US unit, which is low even when it is considered that prospects for the company are not particularly bright.

BELGIUM: Delhaize "Le Lion" announces decision to buy out Delhaize America

7 Sep 2000

Earlier today, Belgian retailer Delhaize SA revealed a US$2bn bid to raise its 52.7% stake in Delhaize America to 100%, and prompted a dramatic fall in share prices. The move, approved by the board of directors, is surprising following as it does Delhaize America's recent US$3.3bn acquisition of US retailer Hannaford.

NETHERLANDS: Laurus trims format in Netherlands, analysts see merger

25 Aug 2000

Laurus, the Dutch retailer created late 1998 by the merger of De Boer Unigro and Vendex Foodgroep, is apparently set to slash the number of its operating fascias from eight to three. Given the relatively small size of the Dutch and Belgian markets in which Laurus operates, this seems a sensible move. Analysts feel that the large number of store formats has diluted the impact of the group as a whole.Alongside the Netherlands and Belgium, Laurus also operates in Spain under the El Arbol supermarket format and the Max Descuento cash & carry operation. It is not thought that Laurus has a sufficient warchest to fund major international expansion is likely, so a merger with a major partner, for instance Belgian heavyweight Delhaize "Le Lion" cannot be discounted.

USA: Six New Members Join Ahold in WorldWide Retail Exchange

14 Jul 2000

Royal Ahold (NYSE:AHO - news), the leading international food provider, today announced that six new retailers have joined the WorldWide Retail Exchange (WWRE), of which Ahold is a founding member. The six new retailers are Dairy Farm International (Hong Kong), Dansk Supermarked (Denmark), El Corte Ingles (Spain), Rite Aid Corporation (USA), Safeway plc (UK) and Supervalu (USA). They boost the number of members of this business-to-business (B2B) Web-based exchange to 25. In addition to the six new retailers, WWRE membership includes, in alphabetical order: Ahold (the Netherlands): Albertson's (USA), Auchan (France), Best Buy (USA), Casino (France), Cora (France), CVS (USA), Delhaize (Belgium), The Gap (USA), J.C. Penney (USA), Jusco (Japan), Kesko (Finland), Kingfisher (UK), Kmart (USA), Marks & Spencer (UK), Safeway Inc. (USA), Target (USA), Tesco (UK) and Walgreens (USA). "We're very pleased to have players of this caliber all actively involved in the WorldWide Retail Exchange," said Gerard van Breen, senior vice president global sourcing at Ahold, one of the retailers that took the initiative to form the WWRE last March. "Through the Exchange, that will be operational in August, we see great opportunities for Ahold's global and regional sourcing activities, lowering our costs considerably. We are convinced the Exchange will become the preferred place for retailers and suppliers to conduct transactions. We believe it will swiftly become the standard for all B2B e-commerce transactions." The WWRE (

USA: Marketplace Holdings Has Quite a Different Side To the Food Lion/Hannaford Merger

2 Jun 2000

Marketplace Holdings is a local, privately owned and minority controlled business committed to serving consumers in the Richmond area. Earlier this week, Delhaize America, the parent company of Food Lion announced its proposal to divest the local Hannaford stores to Kroger to complete this pending merger.

USA: Delhaize America and Hannaford Bros. Co. Submit Divestiture Plan to Federal Trade Commission

1 Jun 2000

Hannaford Bros. Co. to sell 38 locations to three supermarket retailers Taking another step forward in the regulatory approval process, Delhaize America, Inc. and Hannaford Bros. Co. today announced the submittal of a divestiture plan to the Federal Trade Commission for its consideration and approval.

USA: 'Outside the Box and in the Bag' -- Deutsche Banc Alex. Brown's Ziegler Launches Research Coverage of the U.S. Food Retailers

31 May 2000

Deutsche Banc Alex. Brown's Jonathan Ziegler rolled out research coverage of the U.S. Food Retail industry late last week with the initiation of 10 supermarket companies. Shares of Albertson's Inc. (ABS -- $35.50), Safeway Inc. (SWY -- $46.13) and Whole Foods Market Inc. (WFMI -- $38.13) were started with an investment rating of STRONG BUY, while shares of Costco Companies Inc.

USA: WorldWide Retail Exchange Welcomes Two New Members

19 Apr 2000

Two new international retailers today announced they have joined the WorldWide Retail Exchange, the web-based, business-to-business marketplace founded last month by 12 international retailers, including CVS/pharmacy. The new participants are the Delhaize Group, the Belgian food retailer with interests in the United States and 10 other countries, over 2,000 stores and 1999 sales of Euro 14.

Wal-Mart puts multiples on the defensive

26 Jul 1999

Wal-Mart's move into the UK with the acquisition of Asda, following its recent move into Germany, will spark a major round of defensive mergers around Europe, according to a new report. The entry of such a huge retailer poses so

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