Four former executives of Dutch retail group Ahold have been
indicted by the US authorities for fraudulent activities at the
group's US Foodservice division - the first charges brought against
employees in an investigation which...
To shoppers in France, the increasing fuss being made of the
rollout of chip & PIN technology across the UK retail sector
must seem like a storm in a teacup.
Ahold, the Dutch
retail group, yesterday admitted for the first time that the
'accounting irregularities' announced earlier this year had in fact
constituted fraud, and that it believed that no more than five to
10...
Embattled Dutch retailer Ahold has finally published its
long-awaited audited results for 2002, revealing the full effect of
the widespread accounting fraud unearthed earlier this year - a
loss of over €1bn.
Anders Moberg, new chief executive of embattled Dutch retailer
Ahold, has his work cut out to persuade investors and shareholders
that he is the right man for the job - and merits the €10m salary
he will receive. His first task may...
Jim Miller, the head of Ahold's US Foodservice arm, has finally
stood down from the post he has held since 1997 after coming under
increasing pressure to carry the can for the accounting scandal
which has rocked the unit in recent...
The extent of the accounting fraud at US Foodservice, a subsidiary
of Dutch group Ahold, was greater than originally thought, the
company reported yesterday. Initial estimates of $500m were low:
the actual figure is nearer $880m.
In the second story of the day on herbal products, we report that
the US American Herbal Products Association (AHPA), in a bid to
curtail all deceptive advertising, has unveiled a draft framework
for voluntary advertising practices...
