Dutch retailer Ahold has said it expects to generate over €3bn (US$3.58bn) from divestments by the end of the year, more than its target of €2.5bn.
Go deeper with GlobalData
In an interview with German media, chief executive Anders Moberg also said that the company does not plan to sell its US Foodservice business, but that it would re-examine its options in two or three years’ time, reported Reuters.
The company also said its online grocery retail business was growing at a rate of 25% a year in the Netherlands and in the US, and was approaching profitability.
Since the beginning of 2005, Ahold has completed the sale of its Deli XL, G Barbosa, Bi-Lo and Bruno’s units and over 200 Tops stores.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
