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CHICAGO -- Supermarket companies will increasingly seek to acquire companies in related fields, such as convenience stores and food-service companies, according to Tim Carroll, managing director of the corporate finance group at the accounting...
CARTERET, N.J. -- Pathmark Stores here said last week it has initiated discussions with its bondholders toward developing a consensual restructuring plan to reduce debt.Sources said the move may eventually lead to a change in the company's...
AMSTERDAM, Netherlands -- Ahold is expecting big things out of electronic commerce and is seeking partners for its on-line efforts.a published report. "We see this amount doubling each year in 2001 and 2002," said Cees van der Hoeven, president...
ZAANDAM, The Netherlands -- Ahold here said last week it will expand its U.S. operations into the area of institutional food service with the pending acquisition of U.S. Foodservice, Columbia, Md., the nation's second largest food-service...
SALISBURY, N.C. -- Delhaize America here said last week that earnings increased 18.8% to $100.5 million in the 16-week fourth quarter ended Jan. 1. For the fiscal year ended Jan. 1, the company said its earnings rose 10.2% to $300.4 million.ussion...
Delhaize America, Salisbury, N.C., said it would continue its efforts to acquire Hannaford Bros., Scarborough, Maine, even if the Federal Trade Commission required Delhaize to sell off all the Hannaford stores in the Southeast.In August, Delhaize...
NEW YORK -- Supermarket executives are staying focused on the details of merger integration despite numerous challenges and the disappointment of falling stock valuations.That's the picture that emerged from company presentations at the Donaldson...
ZAANDAM, The Netherlands -- Ahold here said last week its worldwide sales rose 26.6% to $34.6 billion for the 52-week year of 1999, compared to the 53-week year of 1998. Based on a comparable 52-week period, sales rose 29.1%.ecially the Stop &...
There's one little bit of good news we may as well mention right away: if you're reading these words, the New Year has arrived and the world is still functioning. But how will it function -- in the narrower sense of industry events -- as the year...
CARTERET, N.J. -- Last week's surprise unraveling of the Ahold deal has led to intense speculation about the future of Pathmark here, which had been counting on Ahold's funding.Industry observers pointed to a number of other supermarket companies...