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SALISBURY, N.C. -- Ralph Ketner, the executive who founded founded Food Lion in 1957 with his brother and a mutual friend, hasn't been in active management of the chain for some years. But he is an active observer of the chain.ter the resignation...
Advantage Sales & Marketing, Irvine, Calif., said last week it has signed a letter of intent with Eastern Sales & Marketing, Columbia, Md., to merge the two companies. d would make it the first national sales and marketing agency.ESM would operate...
THE BOARD OF DIRECTORS of two West Coast retailer-owned cooperatives -- Certified Grocers of California, Los Angeles, and United Grocers, Portland, Ore. -- have scheduled meetings this week to vote on the proposed merger of the two companies. UG's...
ZAANDAM, Netherlands -- Ahold here said last week it may be interested in expanding its European base through a merger or partnership with another European operator.Cees van der Hoeven, Ahold president, did not specify what companies Ahold may be...
Industry performance in the second half of 1998 continued to outpace financial results for the same period of the prior year, and most securities analysts said they expect more of the same through the first half of 1999.Looking at the second-half...
SALISBURY, N.C. -- Food Lion here surprised the industry last week when it announced that Tom E. Smith, who has played a major role in running the company since 1981, would retire, effectively immediately.Indeed, by the time Food Lion made the...
ATLANTA -- Stop & Shop Cos., Quincy, Mass., is the first Ahold USA division to move from its legacy systems to a suite of applications that will connect store operations, including forecasting, replenishment, inventory management and store...
Ahold USA is a very different company than it was a year ago.At its helm is supermarket-industry veteran Robert Tobin, 60, who became president and chief executive officer of Ahold USA last summer. In its sphere are two new companies: Giant Food...
ZAANDAM, Netherlands -- Ahold here last week said it plans to acquire Pathmark Stores, Carteret, N.J., in a deal that tightens the global retailer's grip on the East Coast of the United States.The transaction would build critical mass for the...
It's almost becoming the norm rather than the exception -- Ahold has agreed to buy yet another supermarket chain. This time it's Pathmark Stores.The move is typical of Ahold's boldness. Pathmark, based in New Jersey, operates mostly in that state...