Loud & Clear

Loud & Clear

With nearly 170 years of combined history between them, Stop & Shop and Giant-Landover have a long legacy of leadership in the U.S. supermarket industry. But when their parent company, Amsterdam-based Ahold, plunged into a financial fiasco in 2003, admitting that it overstated profits by about $1 billion, it appeared that legacy could be tarnished. Capital resources dried up, and the fate of the banners

With nearly 170 years of combined history between them, Stop & Shop and Giant-Landover have a long legacy of leadership in the U.S. supermarket industry. But when their parent company, Amsterdam-based Ahold, plunged into a financial fiasco in 2003, admitting that it overstated profits by about $1 billion, it appeared that legacy could be tarnished. Capital resources dried up, and the fate of the banners was in limbo as Ahold rapidly sold off huge chunks of assets.

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