ZAANDAM, Netherlands -- Ahold here said its performance in 2003 would be negatively affected by activities surrounding its massive financial scandal, which was in large part related to overstatements of vendor allowances at its food-service division in the United States. Also, after reporting earlier this month a loss of $1.4 billion for fiscal 2002 using Dutch accounting standards, Ahold revealed that the loss using U.S. accounting rules was 4.33 billion euros, or $5.1 billion. Most of ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick. What are you waiting for!In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.