LONDON -- J. Sainsbury plc here last week insisted that its decision to sell its stake in Giant Food, Landover, Md., doesn't represent a withdrawal from the U.S. food retail market, where it continues to own Shaw's Supermarkets, East Bridgewater, Mass. But analysts were left wondering what it did mean. The $611.2 million that Ahold, Zaandam, Netherlands, is paying for Sainsbury's stake represents a profit of about $163 million on Sainsbury's three-and-a-half year investment in Giant, ...
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.