Delhaize's dependence on the US food retail market has weighed
heavily on the results of the Belgium-based company. And with
little sign of an immediate upturn in the US economy, conditions
are likely to remain tough for some...
Delhaize, the Belgian retail group, yesterday reported
sales of €18.8 billion for 2003, a 2.4 per cent increase on a
like-for-like basis but 9.1 per cent lower than in 2002 in actual
terms as a result of a sharp decline in the strength...
Belgian retailer Delhaize is considering the sale of its stake in
Singapore's Stop N Save chain after receiving an offer from an
unnamed bidder. Could this be Delhaize's solution to the problem of
reducing its massive debt...