Ahold in New Cost-Cutting Effort

Ahold last week 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. He cited

AMSTERDAM — Ahold last week 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.

He cited specific opportunities in the U.S. supply chain, noting that

Register to view the full article