NEW YORK — Ahold Delhaize has entered into a definitive agreement to acquire a majority stake in the online grocer FreshDirect, the company said Wednesday. Ahold Delhaize will acquire the majority share, funded by cash on hand, and Centerbridge Partners will be a minority equity investor with a 20% stake. After the deal closes, FreshDirect
ZAANDAM, the Netherlands – Ahold Delhaize reported net sales of €17.8 billion (about $20.9 billion) in the third quarter. That is an increase of 6.8%, or 10.1% at constant exchange rates. Comparable sales growth (excluding gas) was up 12.4% in the United States and 7.5% in Europe, the company said Wednesday. Net consumer online sales grew 62.6%
LANDOVER, Md. — Giant Food announced this week that it will be offering flu vaccinations for both adults and children at new mobile clinics throughout Washington, D.C., Maryland, Virginia and Delaware through October. The vaccinations will be administered by Giant’s specially trained, dedicated, and certified pharmacists, require no appointment and are often covered in-full by most insurance plans. Giant’s
BETHPAGE, N.Y. — Ahold Delhaize announced on Wednesday that its Stop & Shop division’s planned acquisition of King Kullen Grocer Co. is off. A joint decision was made to terminate the acquisition deal because an agreement about terms of the deal could not be reached, Ahold Delhaize said in a statement. The initial announcement of the proposed
ZAANDAM, Netherlands — Ahold Delhaize on Wednesday reported fourth quarter operating income of 627 million euros ($716 million) at constant exchange rates, with net sales of 16.5 billion euros, a 3% increase from a year ago. The company’s fourth quarter results were lifted by a 25% increase in online sales. Net sales for the full
ZAANDAM, Netherlands — Ahold Delhaize has appointed Farhan Siddiqi as chief digital officer and member of the retailer’s executive committee, effective January 28. Siddiqi will drive digital transformation and innovation across Ahold Delhaize’s brands, focusing on shopper loyalty, data analytics and personalization, the company said Tuesday in announcing the appointment. “I’m thrilled to welcome Farhan
BETHPAGE, N.Y. — Ahold Delhaize announced Friday that Stop & Shop, its largest banner in the United States, has agreed to acquire King Kullen Grocery Co. The deal includes King Kullen’s 32 supermarkets, five Wild by Nature stores and the use of its corporate offices located in Bethpage, N.Y. “This transaction underscores our commitment to
ZAANDAM, Netherlands — Ahold Delhaize has appointed Selma Postma as president of Peapod, effective January 1. Postma joins Peapod after a career of almost two decades at Albert Heijn. Since 2014, she was general manager of Albert Heijn Online, where she helped to accelerate online sales to more than 20% annually. Her teams also led
ZAANDAM, Netherlands — Ahold Delhaize announced on Thursday that Dick Boer will be stepping down as chief executive officer as of July 1 and will retire from the company. Frans Muller has been appointed as the new CEO, effective July 1. “We thank Dick for his leadership and dedication throughout his 20-year career at Ahold Delhaize
ZAANDAM, Netherlands — Ahold Delhaize is creating a parent company for its U.S. food and drug retail operations called Ahold Delhaize USA. The company said that, effective Jan. 1, Ahold Delhaize USA will oversee all of Ahold Delhaize’s U.S. companies, including its local store banners — Stop & Shop, Food Lion, Giant, Hannaford, Giant/Martin’s and
NEW YORK — Food and drug retailer Ahold Delhaize plans to implement IRI’s sales and supply chain analytics platform for its Ahold USA and Delhaize America brands. Under a long-term agreement announced Tuesday, IRI will leverage its IRI Liquid Data platform to provide integrated point-of-sale (POS), frequent shopper program and supply chain data for Delhaize
QUINCY, Mass. — Ahold USA and Delhaize America plan to meld the two Stop & Shop supermarket divisions, Stop & Shop New York Metro and Stop & Shop New England, into one organization. The company said Monday that the move reflects ongoing efforts to unite and streamline the U.S. operations of Ahold Delhaize, formed last
CARLISLE, Pa. — Ahold USA has named Don Sussman, president of the Stop & Shop New York Metro division, as executive vice president of merchandising at Ahold USA. Sussman has more than 37 years of retail experience, including leadership roles in marketing and merchandising, and he has led three of the four Ahold USA retail
NEW YORK — James McCann, chief operating officer at Ahold USA and a key figure behind the revival of the Stop & Shop and Giant brands, has resigned from the company and its executive management board. Ahold Delhaize said that Kevin Holt, who held the same title at Delhaize America, has been appointed in his