CHATTANOOGA, Tenn. -- Ahold moved last week to expand its U.S. operations with the acquisition of Red Food Stores here. Ahold, based in Zaandam, Netherlands, said it intends to acquire the 55-store supermarket chain from Promodes, a French company, for an undisclosed amount. Promodes acquired Red Food in 1980 and operated the chain through its holding company, Pramer. Red Food is the dominant food retailer in this market, according to local observers, and likely has more than a 60% market ...
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.