Ahold's Argentina operations spur net loss
Zaandam, Netherlands-based grocery retailer Royal Ahold N.V., has reported its first net loss in years as a result of charges related to its Argentina operations. The company posted a loss for the quarter ended Aug. 3 at 197.5 euros ($194.6 million) compared with last year's gain of 323.8 million euros.
The loss includes an 80 million euro write-down for the devaluation of the Argentine peso, and a 410 million euro charge related to the default of former joint-venture partner Velox Retail Holdings.
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ZAANDAM, The Netherlands - Royal Ahold on Friday said it has assumed full control of Disco Ahold International Holdings (DAIH), its former Latin American joint ......
Business Editors ZAANDAM, The Netherlands & SANTIAGO, Chile--(BUSINESS WIRE)-- Oct. 16, 2000 Royal Ahold (NYSE: AHO), the international food provider, announced today that its Chilean ......
International grocery giant Royal Ahold N.V., Zaandam, Netherlands, now wholly owns its South American Disco division following the termination of its joint venture of Disco-Ahold ......
AMSTERDAM - Ahold today slashed its 2002 earnings outlook by as much as two-thirds after its Argentine partner defaulted on its bank debt, Reuters reports.
Supermarket owner and operator Royal Ahold N.V. announced that Karel Vuursteen has resigned as chairman of the supervisory board because of "personal circumstances." ......
COSTA MESA, Calif.--(BUSINESS WIRE)--June 27, 1996--Hariston Corp. (NASDAQ:HRNSF) Thursday announced the unaudited results of operations through April 30, 1996, for Polish Life Improvement (PLI), a ......
Netherlands-based Royal Ahold N.V. has signed a letter of intent with U.S.-based NBTY Inc. to sell De Tuinen, a chain of 65 natural product stores ......
Netherlands-based Royal Ahold N.V., the world's third-biggest retailer, expects a yearly sales rise, despite cutting its profit forecast twice this year.
COSTA MESA, Calif.--(BUSINESS WIRE)--July 11, 1996--Hariston Corp. (NASDAQ: HRSNF) Thursday announced that Polish Life Improvement S.A. ("PLI"), a rapidly growing retailer in Poland in which ......
Dutch retail giant Royal Ahold N.V. has posted a 7.1 percent decrease in third-quarter sales to $15.2 billion.
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