The troubles at Ahold caused by accounting scandals in the US and
Argentina could lead to a sell off of several of its operating
units - and the UK's number one player Tesco is thought to be ready
to pounce.
Ahold's accounting fiasco - which means that its profits have been
overstated to the tune of $500m - has cost the heads of two senior
board members, sparked off two US lawsuits and led to new calls for
a harmonisation of accounting...
Last year was a difficult one for Dutch retail group Ahold, at the
profit level at least, but the final sales figures for 2002 were
nonetheless encouraging. But with organic growth rates slowing
considerably compared to 2001, there...
This year has been something of an annus horribilis for
Dutch retail group Ahold, with the weakness of the economies in the
Americas taking a particularly heavy toll on profits. With third
quarter results falling heavily compared...
Things are not looking good for Ahold, the Dutch retail group which
for many years has been the darling of the stock market.
Substantial write downs from its South American business announced
earlier in the year have now been followed...
Ahold has clarified the terms under which it would be obliged to
buy out its joint venture partners in Scandinavia and Central
America following a similar move in Argentina which took its toll
on the group's latest results.
Dutch group Ahold has completed its takeover of Chilean subsidiary
Santa Isabel, raising its stake in the company from just over 70
per cent to 97 per cent as a result of a tender offer.
Ahold's enforced takeover of the Santa Isabel chain in Chile has
not been welcomed by everyone, with one of the company's minority
shareholders taking legal action to force the Ducth group to
increase its offer.
For the first time in many years, the Dutch retail group Ahold has
reported a quarterly loss for the second three months of the year,
an announcement which "hurt" the proud company.
