DELHAIZE PREDICTS SAVINGS OF $70M A YEAR

CHARLOTTE, N.C. -- Delhaize Group, Brussels, said last week it expects to realize operating efficiencies of $70 million annually as a result of the simplified corporate structure the company's U.S. shareholders approved in April.At a meeting with equity analysts here, Pierre-Olivier Beckers, chief executive officer, said, "Through the creation of one unified capital structure, we have the right vehicle

CHARLOTTE, N.C. -- Delhaize Group, Brussels, said last week it expects to realize operating efficiencies of $70 million annually as a result of the simplified corporate structure the company's U.S. shareholders approved in April.

At a meeting with equity analysts here, Pierre-Olivier Beckers, chief executive officer, said, "Through the creation of one unified capital structure, we have the right vehicle in place, giving us a lot of leverage."

Also at the meeting, Rick Anicetti

Register to view the full article

Already a member? .