Q2 profits may be up 60%, but Royal Ahold remains under pressure from major shareholders Centaurus and Paulson to give returns a shot in the arm by selling off US operations. For now, Ahold is...
Shares in Royal Ahold have been given another boost after rumours surfaced that the Dutch retailer might be planning a merger with Belgian supermarket group Delhaize, but analysts remain sceptical that a deal could be in the works.
Hedge funds Paulson and Centaurus are seeking shareholder support for proposals to sell-off Royal Ahold’s US operations in an attempt to up pressure on the company, a source close to the situation told just-food today (18 September).
Dutch retailer Royal Ahold has remained silent on rumours that its board of directors is divided over proposals to sell off the retailer’s US units.
Dutch retail combine Royal Ahold posted second-quarter operating profits of EUR376m (US$480m), up 55% from EUR242m last year and ahead of analysts’ forecasts.
Bert Swartsenburg, Ahold’s MD of European Buying, has outlined the Dutch retailer's strategy for future growth, which relies heavily on fostering closer ties with suppliers to drive innovation. Swartsenberg, speaking of…
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