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  • Ahold Completes Sale of Paraguay Operations

    AMSTERDAM -- Dutch supermarket retailer Royal Ahold NV said today that it has successfully completed the sale of its 100 percent interest in Supermercados Stock S.A. to A.J. Vierci.
  • Ahold to Publish Restated 2002 Earnings

    AMSTERDAM -- Ahold will publish its restated 2002 annual figures next week after it meets the Sept. 30 deadline of delivering its audited accounts to its syndicate of banks, Dow Jones reports.
  • Scandinavia's ICA to Drop Ahold From Brand Name

    AMSTERDAM - Scandinavian food retailer ICA AB, which is 50 percent owned by Royal Ahold NV, on Friday said it will drop Ahold from its brand name, but dismissed suggestions the change was connected with bad publicity around Ahold.
  • Ahold Chairman Quits, C.E.O. Takes Pay Cut

    AMSTERDAM -- Dutch group Ahold's nonexecutive chairman will quit and its chief executive take a cut in guaranteed pay as the world's third-largest food retailer responds to investor outrage over an accounting scandal and excessive salaries.
  • Tops Eliminates 119 Sales, Marketing Positions

    BUFFALO, N.Y. - Tops Markets has eliminated about 119 sales and marketing jobs, the Buffalo News reports. The reductions were announced early this year, but the bulk of the cuts are being completed this week, the company said Thursday.
  • Global Axcess Wins Extension to Exclusive Contract With Food Lion

    PONTE VEDRA, Fla. -- Global Axcess Corp., a fully integrated, one-stop source for ATM solutions, announced Wednesday that the company's wholly owned subsidiary, Nationwide Money Services, has won a four and one-half year extension on its exclusive contract with Food Lion.
  • Ahold Close to Appointing New US Foodservice CEO

    ZAANDAM, Netherlands - Dutch retailer Ahold is "very close" to picking a new CEO for its scandal-ridden U.S. Foodservice unit, Ahold's new CEO told Reuters today.
  • Delhaize Group to Acquire Harveys Stores in Georgia and Florida

    BRUSSELS, Belgium -- Delhaize Group, the Belgian international food retailer, announced today it has signed a definitive agreement to acquire 43 Harveys supermarkets located in central and south Georgia and the Tallahassee, Fla. area.
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