Troubled Dutch retailer Royal Ahold has announced the divestment of its Dutch confectionery store chain Jamin Winkelbedrijf, for an undisclosed sum.

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


Ahold said that through a management buy-out, Jamin’s current executive team will continue to run the company as an independent entity.


The transaction, which is expected to close in the second quarter of 2003, includes all five Jamin chain stores and their inventory, stock and debtors. The 137 franchise stores will also continue to conduct their business with Jamin. All 60 associates currently working for Jamin will continue to work for the company. It will also be business as usual at Jamin’s head office in the southern Netherlands as well as at the distribution centre.


Ahold said the company would continue to operate under the same brand name and offer its current range of confectionery – some 300 pick and mix confectionery items, ice cream and chocolate delicacies.
 
Jamin has been part of Ahold’s Dutch store portfolio since 1993. The planned divestment of the subsidiary is part of Ahold’s strategic plan to restructure its portfolio to focus on core activities and to concentrate on its mature and most stable markets.


 

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now