NEW YORK -- Saying that difficulties in the Giant-Landover division have been worse than its parent company anticipated, recovery will take longer than expected, an Ahold official said at the Goldman Sachs Global Retailing Conference here. "We've lost some momentum in Landover. We had higher hopes than actually came out [in the second quarter]," said Henk Jen ten Brinke, Ahold's vice president of investor relations. Giant has been affected by "under investment" in the wake of financial ...

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