Ahold
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| Royal Ahold N.V.
<tr><td colspan="2" style="text-align:center; padding:16px 0 16px 0;">Image:Ahold Logo.jpg</td></tr> | |
| Type | Public (Euronext: AH, FWB:AHO, NYSE: AHO, SWX: AHO) |
|---|---|
| Founded | 1973 |
| Headquarters | Amsterdam, the Netherlands
<tr><th style="text-align:right; padding-right:0.75em;">Key people</th><td>Anders C. Moberg, CEO</td></tr><tr><th style="text-align:right; padding-right:0.75em;">Industry</th><td>Grocery Stores</td></tr><tr><th style="text-align:right; padding-right:0.75em;">Products</th><td>Retail |
Ahold, (in full Koninklijke Ahold N.V., Royal Ahold N.V.), (Euronext: AH, FWB:AHO, NYSE: AHO, SWX: AHO) is a major international supermarket operator and foodservice company based in Amsterdam in the Netherlands. Ahold is listed on Euronext Amsterdam, the New York Stock Exchange, SWX Swiss Exchange and the Frankfurt Stock Exchange.
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[edit] Company history
The company's origins can be traced back to 27 May 1887 with the founding of the Albert Heijn grocery store in Oostzaan, the Netherlands. The grocery chain expanded through the first half of the 20th century, and went public in 1948. It became the largest grocery chain in the Netherlands, expanded into liquor stores and cosmetic stores in the 1970s, and changed its name to "Ahold" in 1973 (which stands for "Albert Heijn Holdings"). The company expanded internationally starting in the mid 1970s, eventually buying chains in Spain, the United States, and Portugal, and accelerating its acquisitions in the latter half of the 1990s in markets in Latin America, Eastern Europe and Asia.
This ambitious global expansion was halted by fraud at the chain's American subsidiary U.S. Foodservice and by a Board level accounting scandal. In February 2003, the CEO and CFO resigned following charges of financial irregularities. Earnings over 2001 and 2002 had to be restated and the company began selling off some of its grocery chains in Latin America and elsewhere. By 2003, Ahold had totally pulled out of Asia. It has also pulled out of Brazil, once a sizable market for Ahold, and it has sold the Bi-Lo chain in the United States.
Ahold announced details of a major strateigc review on November 6, 2006. The company has put its U.S. Foodservice subsidiary up for sale. It will also divest retail operations in Poland and Slovakia as well as selling its 49% stake in Portugal's Jeronimo Martins.
[edit] Whom they own
[edit] Europe
- Ahold Czech Republic A.S.
- Ahold Polska - (Poland)
- Ahold Retail Slovakia k.s.
- Ahold Supermercados S.L. - (Spain)
- Albert Heijn B.V. - (The Netherlands)
- Gall & Gall B.V. - (The Netherlands)
- Etos B.V. - (The Netherlands)
- Schuitema N.V. - (The Netherlands) (73%)
- ICA AB - (Scandinavia) (60%)
- Jerónimo Martins - (Portugal)
[edit] USA
- Stop & Shop
- Giant Food of Carlisle, Pennsylvania
- Giant Food of Landover, Maryland
- Tops
- U.S. Foodservice
- Peapod
- North Star Foodservice
- Sunpop, store brand soft drink sold at Stop & Shop, Giant Food, and other chains on the East Coast of the United States.
Ahold also formerly owned the Edwards chain of stores, but changed most of the stores under that banner to Stop & Shop in 2000.
[edit] Latin America
Ahold has sold almost all of their activities in South America.
[edit] Who owns them
Some of Ahold's major Shareholders are
- DeltaFort Beleggingen I B.V., a joint venture of Fortis and Aviva (9.50%)
- ING Groep N.V. (6.92%)
- AEGON N.V. (5.77%)
[edit] People
- Anders C. Moberg has been President and Chief Executive Officer since September 4, 2003.
- Hannu Ryöppönen has been Executive Vice President and Chief Financial Officer since September 4, 2003.
- Peter Wakkie has been Executive Vice President and Chief Corporate Governance Counsel since November 26, 2003.
The previous CEO and CFO, who resigned following the recent accounting scandal, were Cees van der Hoeven and Michael Meurs, resp.
[edit] Finances
[edit] 2004
In the turbulent first quarter of 2004 sales declined 11% to € 15,4 billion and Ahold recorded a net loss of € 405 million. This was partly a result of the sale of subsidiaries in Brazil and Thailand at unfavorable prices, in an effort to limit the effects of the accounting scandal. At the end of the quarter, net debts were € 7,1 billion.
Over the full year 2004, Ahold's net sales were 52 billion €. This resulted in an operating income of 195 million € and a net loss of 436 million € by Dutch GAAP (€ 110 million by US GAAP). The net debt had been reduced to € 6.3 billion.
[edit] See also
[edit] Sources
- Helsingin Sanomat (daily, print version, 15.6.2004)
Adapted from CorpKnowPedia article under the clauses of GFDL
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Categories: Companies listed on the Euronext exchanges | Companies listed on the Frankfurt Stock Exchange | Companies listed on the New York Stock Exchange | Companies listed on the SWX Swiss Exchange | Companies of the Netherlands | Multinational companies headquartered in the Netherlands | Supermarkets of the Netherlands
