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Encyclopedia > Ahold

Royal Ahold N.V.
Type Public (Euronext: AH , FWB: AHO, NYSEAHO, SWX: AHO)
Founded 1973
Headquarters Amsterdam, the Netherlands
Key people John Rishton, CEO
Anders Moberg, Chairman
Industry Grocery Stores
Products Retail
Revenue 44.872 billion (2006)
Operating income 1.293 billion (2006)
Net income 915 million (2006)
Employees 163,866 (2006 average)
Website www.ahold.com

Ahold, (in full Koninklijke Ahold N.V., Royal Ahold N.V.), (Euronext: AH Image File history File links No higher resolution available. ... Euronext N.V. is a pan-European stock exchange based in Paris[1] and with subsidiaries in Belgium, France, Netherlands, Portugal and the United Kingdom. ... The Frankfurt Stock Exchange (outside) The DAX chart (inside) The Frankfurt Stock Exchange (German: FWB® Frankfurter Wertpapierbörse) is a stock exchange located in Frankfurt, Germany. ... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ... For other uses, see Amsterdam (disambiguation). ... Supermarket produce section A supermarket is a store that sells a wide variety of goods including food and alcohol, medicine, clothes, and other household products that are consumed regularly. ... In commerce, a retailer buys goods or products in large quantities from manufacturers or importers, either directly or through a wholesaler, and then sells individual items or small quantities to the general public or end user customers, usually in a shop, also called store. ... Drawing of a self-service store. ... Look up revenue in Wiktionary, the free dictionary. ... Image File history File links No higher resolution available. ... For other uses, see Euro (disambiguation). ... One thousand million (1,000,000,000) is the natural number following 999,999,999 and preceding 1,000,000,001. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... Earnings before interest and taxes (EBIT), also known as operating income and operating profit, is a term used to describe a companys earnings. ... Image File history File links No higher resolution available. ... For other uses, see Euro (disambiguation). ... One thousand million (1,000,000,000) is the natural number following 999,999,999 and preceding 1,000,000,001. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... Net income is equal to the income that a firm has after subtracting costs and expenses from the total revenue. ... Image File history File links No higher resolution available. ... For other uses, see Euro (disambiguation). ... One million (1,000,000), or one thousand thousand, is the natural number following 999,999 and preceding 1,000,001. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... This article is about work. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... A website (alternatively, Web site or web site) is a collection of Web pages, images, videos or other digital assets that is hosted on one or several Web server(s), usually accessible via the Internet, cell phone or a LAN. A Web page is a document, typically written in HTML... Euronext N.V. is a pan-European stock exchange based in Paris[1] and with subsidiaries in Belgium, France, Netherlands, Portugal and the United Kingdom. ...


, FWB: AHO, NYSEAHO, SWX: AHO) is a major international supermarket operator based in Amsterdam in the Netherlands. Ahold is listed on Euronext Amsterdam, the New York Stock Exchange and the Frankfurt Stock Exchange. The Frankfurt Stock Exchange (outside) The DAX chart (inside) The Frankfurt Stock Exchange (German: FWB® Frankfurter Wertpapierbörse) is a stock exchange located in Frankfurt, Germany. ... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ... Packaged food aisles in a Fred Meyer store in Portland, Oregon A supermarket is a departmentalized self-service store offering a wide variety of food and household merchandise. ... For other uses, see Amsterdam (disambiguation). ... Euronext N.V. is a pan-European stock exchange based in Paris[1] and with subsidiaries in Belgium, France, Netherlands, Portugal and the United Kingdom. ... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ... The Frankfurt Stock Exchange (outside) The DAX chart (inside) The Frankfurt Stock Exchange (German: FWB® Frankfurter Wertpapierbörse) is a stock exchange located in Frankfurt, Germany. ...

Contents

[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").[citation needed] 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. is the 147th day of the year (148th in leap years) in the Gregorian calendar. ... 1887 (MDCCCLXXXVII) is a common year starting on Saturday (click on link for calendar) of the Gregorian calendar or a common year starting on Monday of the Julian calendar. ... Albert Heijn supermarket in Amsterdam Albert Heijn B.V. is a supermarket chain founded in 1887 in Oostzaan, the Netherlands. ... Oostzaan (population: 9,176 in 2004) is a town in the north-western Netherlands, in the province of North Holland. ... Latin America consists of the countries of South America and some of North America (including Central America and some the islands of the Caribbean) whose inhabitants mostly speak Romance languages, although Native American languages are also spoken. ... Pre-1989 division between the West (grey) and Eastern Bloc (orange) superimposed on current national boundaries: Russia (dark orange), other countries of the former USSR (medium orange),members of the Warsaw pact (light orange), and other former Communist regimes not aligned with Moscow (lightest orange). ... For other uses, see Asia (disambiguation). ...


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. A subsidiary, in business, is an entity that is controlled by another entity. ... U.S. Foodservice is one of the largest broadline foodservice distributors in the United States. ... Chief Executive Officer (CEO) is the job of having the ultimate executive responsibility or authority within an organization or corporation. ... CFO is usually short for Chief Financial Officer, but may also mean: Carrier frequency offset Ceramic fiber optics Chief Fire Officer Chief of Flight Operations Conselho Federal de Odontologia (cfo. ... Supermarkets, past and present, include: // Transnational Originating (HQ) country first. ...


A similar scandal, albeit on a much smaller scale, arose in the Tops Markets unit at about the same time. The total of all liabilities and public image damage thus incurred proved burdensome and very difficult to overcome. By 2003, Ahold had totally pulled out of Asia. It has also pulled out of Brazil, once a sizable market for Ahold, and it sold the Bi-Lo and Bruno's chains in the United States. For other uses, see Asia (disambiguation). ... BI-LO was established in the United States in 1966 and is headquartered in Mauldin, South Carolina. ... Brunos Supermarkets is an American chain of grocery stores, founded in Birmingham, Alabama. ...


In July 2006, it announced that the Northeast Ohio division of Tops Markets would be put up for sale and that the stores in that region would close by the end of the year regardless of whether or not they had been sold. In early October of that same year, Ahold issued a statement in compliance with the WARN Act, or Worker Adjustment and Retraining Notification Act, indicating that the stores would, indeed, close on December 8, 2006, regardless of whether they had been sold. In early November, Ahold announced that the remainder of the Tops chain in the states of New York and Pennsylvania would be put up for sale. This page is a candidate for speedy deletion. ...


Ahold announced details of a major strategic review on November 6, 2006. As of May 2007 Ahold has reached a definitive agreement for the sale of U.S. Foodservice to a consortium of CD&R and KKR for 7.1 billion USD[1]. It will also divest retail operations in Poland and Slovakia as well as selling its 49% stake in Portugal's Jeronimo Martins. U.S. Foodservice is one of the largest broadline foodservice distributors in the United States. ... Clayton, Dubilier, and Rice is a private investment firm that has ownership stakes in Brakes (a European food supplier), Remington Arms, The Hertz Corporation, and Culligan (a provider of water treatment products), amongst other companies. ... Kohlberg Kravis Roberts & Co (commonly referred to as KKR) is a New York City-based private equity firm that focuses primarily on late-stage leveraged buyouts. ... The United States dollar is the official currency of the United States. ...


In July, 2007, Ahold's Stop & Shop division announced that it would exit the Philadelphia/Southern New Jersey market, selling 10 Super Stop & Shop stores to Wakefern, which will convert them to ShopRite Supermarkets[2]. The stores were all opened in the late 1990's under the Super G banner and represented new markets for Ahold. In 2005, the underperforming Super G stores switched banners and became Super Stop & Shop stores, in a failed attempt to revive sales. At that time, 4 New Jersey Super G stores were also shuttered. The Stop & Shop Supermarket Company is a chain of supermarkets located mostly in New England. ... For other uses, see Philadelphia (disambiguation) and Philly. ... This article does not cite its references or sources. ... The Stop & Shop Supermarket Company is a chain of supermarkets located mostly in New England. ... It has been suggested that this article or section be merged into ShopRite (United States). ... ShopRite logo used since 2000 ShopRite (or its full name ShopRite Supermarkets) is a retailers cooperative (co-op) chain of supermarkets in the Northeastern United States, in the states of New Jersey, New York, Connecticut, Delaware, and Pennsylvania. ... Giant of Landover, Maryland store at 8th and O Streets NW in Washington, D.C. Giant Food Inc. ... Giant of Landover, Maryland store at 8th and O Streets NW in Washington, D.C. Giant Food Inc. ... The Stop & Shop Supermarket Company is a chain of supermarkets located mostly in New England. ... Giant of Landover, Maryland store at 8th and O Streets NW in Washington, D.C. Giant Food Inc. ...


Supermarket News ranked Ahold's U.S. division No. 7 in the 2007 "Top 75 North American Food Retailers" based on 2006 fiscal year estimated sales of $24.0 billion.[3]


[edit] Whom they own

[edit] Europe

  • Ahold Czech Republic A.S.
  • Ahold Polska - (Poland)
  • Ahold Retail Slovakia k.s.
  • Ahold Supermercados S.L. - (Spain)
  • Ahold Coffee Company - (The Netherlands)
  • 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)

Ahold Czech Republic A.S. is a division of the Netherlands-based Ahold company. ... Albert Heijn B.V. is a supermarket chain founded in 1887 in Oostzaan, the Netherlands. ... ICA (Inköps-Centralen Aktiebolag) is a Swedish corporate group in the retail business. ... Jerónimo Martins (JM) is a Portuguese company that operates in food distribution and consumer products manufacturing. ...

[edit] USA

Former Own The Stop & Shop Supermarket Company is a chain of supermarkets located mostly in New England. ... Giant Food is the name of two separate but related supermarket chains. ... Giant Food is the name of two separate but related supermarket chains. ... Giant Food is the name of two separate but related supermarket chains. ... Peapod is an online grocery delivery service owned by Royal Ahold and operating only in a select number of US cities. ...

Ahold also formerly owned the Edwards chain of stores, but changed most of the stores under that banner to Stop & Shop in 2000. Tops Friendly Markets, usually referred to as just Tops, is an American supermarket chain based in Williamsville, New York, with stores in the western and central regions of that state, northwestern Pennsylvania and northeastern Ohio (the latter having once been Finast). ...


[edit] Latin America

Ahold has sold all of their activities in Latin America.


[edit] Major shareholders in Ahold

Some of Ahold's major shareholders are A shareholder or stockholder is an individual or company (including a corporation) that legally owns one or more shares of stock in a joint stock company. ...

Fortis (Euronext: FORA and Euronext: FORB) is a large banking, insurance, and investment management company. ... Aviva plc (LSE: AV.) is the worlds fifth-largest insurance group, the biggest insurance group in the UK and the second-largest insurance group in Canada. ... ING House, ING headquarters in Amsterdam ING Groep N.V. (NYSE: ING, Euronext: INGA) (known as ING Group) is a financial institution of Dutch origin offering banking, insurance and asset management services. ... AEGON N.V. (Euronext: AGN, NYSE: AEG) is one of the world’s leading insurance companies ranked by market capitalization and assets. ...

[edit] People

  • John Rishton has been Chief executive officer since November 2007, having served in this role in an interim capacity since July 2007.

The previous CEO and CFO, who resigned following the accounting scandal, were Cees van der Hoeven and Michael Meurs, resp. “Chief executive” redirects here. ... “CFO” redirects here. ... A vice president is an officer in government or business who is next in rank below a president. ... is the 330th day of the year (331st in leap years) in the Gregorian calendar. ... Year 2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ...


[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. A fiscal year (or financial year or accounting reference date) is a 12-month period used for calculating annual (yearly) financial reports in businesses and other organizations. ... For other uses, see Euro (disambiguation). ... Net income is equal to the income that a firm has after subtracting costs and expenses from the total revenue. ... For other uses, see Debt (disambiguation). ...


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. This article or section does not cite its references or sources. ... Generally accepted accounting principles (GAAP) are the accounting rules used to prepare financial statements for publicly traded companies and many private companies in the United States. ...


[edit] See also

The European Retail Round Table is a European organization which represents companies from the European retail sector. ...

[edit] Sources

[edit] References

  1. ^ [1], Ahold Corporate Website, Last accessed May 6, 2007.
  2. ^ [2], Stop & Shop to Close 10 Stores and Sell Them to Wakefern , Last accessed July 11, 2007.
  3. ^ 2007 Top 75 North American Food Retailers, Supermarket News, Last accessed February 24, 2007.

[edit] External links


Adapted from CorpKnowPedia article under the clauses of GFDL “GFDL” redirects here. ...


  Results from FactBites:
 
Ahold - Wikipedia, the free encyclopedia (675 words)
Ahold, (in full Koninklijke Ahold N.V. Royal Ahold N.V. Euronext: AH, FWB: AHO, NYSE: AHO) based in Amsterdam, the Netherlands is one of the world's largest supermarket operators and one of the world's largest foodservice and retail companies.
Ahold is listed on Euronext Amsterdam, the New York Stock Exchange, SWX Swiss Exchange and the Frankfurt Stock Exchange.
Currently, Royal Ahold is still the fourth largest retail based company in the world after Wal-Mart, Carrefour and Home Depot.
BBC NEWS | Business | Worries mount for Ahold (584 words)
And Ahold indicated that more news could come out: its US losses are not yet tallied up, and it admitted it was separately investigating the legality of transactions at its Argentine unit.
Ahold has said that an emergency loan package, agreed with its banks before it announced the accounting troubles, has shored up its finances.
Dutch banks and insurers, almost all of which are involved with Ahold in some way, are counting the cost of the share price collapse.
  More results at FactBites »

 

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