Two Ahold chains in America have roared back in the weak economy with a strong price message
With nearly 170 years of combined history between them, Stop & Shop and Giant-Landover have a long legacy of leadership in the U.S. supermarket industry. But when their parent company, Amsterdam-based Ahold, plunged into a financial fiasco in 2003, admitting that it overstated profits by about $1 billion, it appeared that legacy could be tarnished. Capital resources dried up, and the fate of the banners was in limbo as Ahold rapidly sold off huge chunks of assets. Even as the ...
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