Ahold Plans Cost-Cutting Program

Ahold yesterday said it plans to drive another 350 million euros — about $525 million U.S. — in costs out of its operations during the next three years.

AMSTERDAM — Ahold yesterday said it plans to drive another 350 million euros — about $525 million U.S. — in costs out of its operations during the next three years.

The cost-cutting "will focus on all aspects of the business, including store expenses, supply chain and overhead across the group," John Rishton, Ahold's chief executive officer, said in a conference call discussing third-quarter results yesterday.

He also reiterated that the company doesn't envision making

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