Stay up-to-date on the latest food retail news and trends
Subscribe to free eNewsletters from Supermarket News
Sponsored By
DELHAIZE VOLUME RISES IN HALF; 152 UNITS ADDED
BRUSSELS -- Delhaize here said last week its sales rose 6.3% to $6.8 billion for the 26-week half ended June 30. In that period, the company -- owner of Food Lion, Salisbury, N.C., and Super Discount Markets, Lithia Springs, Ga. -- added 152 stores to give it a total of 2,056 units in 10 countries.rofit per share rose 12.4% to $1.53.Delhaize said it will continue to expand in the second half, adding
September 13, 1999
1 Min Read
BRUSSELS -- Delhaize here said last week its sales rose 6.3% to $6.8 billion for the 26-week half ended June 30. In that period, the company -- owner of Food Lion, Salisbury, N.C., and Super Discount Markets, Lithia Springs, Ga. -- added 152 stores to give it a total of 2,056 units in 10 countries.
rofit per share rose 12.4% to $1.53.
Delhaize said it will continue to expand in the second half, adding 67 stores, not including the proposed 152-unit Hannaford Bros. acquisition.
The first-half's highlights included:
Delvita, Delhaize's subsidiary in the Czech Republic and Slovakia, acquired 50 Interkontakt stores.
Delhaize acquired all outstanding stock of Bel-Thai, the company's Thai subsidiary, and then sold 51% of its share to its American subsidiary, Food Lion. The chain will be renamed Food Lion Thailand.
It acquired 49% of Shop N Save, Singapore's third-largest retailer.
You May Also Like
