company_name = Royal Ahold N.V.
company_type = Public (Euronext|AH, FWB|AHO, [http://www.swx.com/market/quote_chart_en.html?id=NL0000331817CHF4 SWX: AHO] )
foundation = 1973
Amsterdam, the Netherlands
John Rishton, CEO
num_employees = 118,715 (December 2007)
revenue = profit €44.872 billion (2006)
operating_income = profit €1.293 billion (2006)
net_income = profit €915 million (2006)
homepage = [http://www.ahold.com/ www.ahold.com]
Ahold, (in full
Koninklijke Ahold N.V., Royal Ahold N.V.), (Euronext|AH, FWB|AHO, [http://www.swx.com/market/quote_chart_en.html?id=NL0000331817CHF4 SWX: AHO] ) is a major international supermarketoperator based in Amsterdamin the Netherlands. Ahold is listed on Euronext Amsterdam and the Frankfurt Stock Exchange.
The company's origins can be traced back to 27 May 1887 with the founding of the
Albert Heijngrocery store in Oostzaan, the Netherlands. The grocery chain expanded through the first half of the 20th century, and went public in 1948. It became the largest grocery chain in the Netherlands, expanded into liquor stores and cosmetic stores in the 1970s, and changed its name to "Ahold" in 1973 (which stands for "Albert Heijn Holdings").Fact|date=April 2007 The company expanded internationally starting in the mid 1970s, eventually buying chains in Spain, the United States, and Portugal, and accelerating its acquisitions in the latter half of the 1990s in markets in Latin America, Central Europeand Asia.
This ambitious global expansion was halted by fraud at the chain's American
subsidiary U.S. Foodserviceand by a Board level accounting scandal. In February 2003, the CEOand CFOresigned following charges of financial irregularities. Earnings over 2001 and 2002 had to be restated and the company began selling off some of its grocery chains in Latin America and elsewhere.
A similar scandal, albeit on a much smaller scale, arose in the Tops Markets unit at about the same time. The total of all liabilities and public image damage thus incurred proved burdensome and very difficult to overcome. By 2003, Ahold had totally pulled out of
Asia. It has also pulled out of Brazil, once a sizable market for Ahold, and it sold the Bi-Lo and Bruno'schains in the United States.
In July 2006, it announced that the Northeast Ohio division of Tops Markets would be put up for sale and that the stores in that region would close by the end of the year regardless of whether or not they had been sold. In early October of that same year, Ahold issued a statement in compliance with the WARN Act, or
Worker Adjustment and Retraining Notification Act, indicating that the stores would, indeed, close on December 8, 2006, regardless of whether they had been sold. In early November, Ahold announced that the remainder of the Tops chain in the states of New York and Pennsylvania would be put up for sale.
Ahold announced details of a major strategic review on November 6, 2006. As of May 2007 Ahold has reached a definitive agreement for the sale of
U.S. Foodserviceto a consortium of CD&R and KKR for 7.1 billion USD[http://www.ahold.com/page/5149.aspx] , "Ahold Corporate Website", Last accessed May 6, 2007.] . It will also divest retail operations in Poland and Slovakia as well as selling its 49% stake in Portugal's Jeronimo Martins.
In July 2007, Ahold's
Stop & Shopdivision announced that it would exit the Philadelphia/ Southern New Jerseymarket, selling 10 Super Stop & Shop stores to Wakefern, which will convert them to ShopRite Supermarkets [http://www.progressivegrocer.com/progressivegrocer/headlines/article_display.jsp?vnu_content_id=1003608685&imw=Y] , "Stop & Shop to Close 10 Stores and Sell Them to Wakefern ", Last accessed July 11, 2007.] . The stores were all opened in the late 1990s under the Super G banner and represented new markets for Ahold. In 2005, the underperforming Super G stores switched banners and became Super Stop & Shop stores, in a failed attempt to revive sales. At that time, 4 New Jersey Super G stores were also shuttered.
"Supermarket News" ranked Ahold's U.S. division No. 7 in the 2007 "Top 75 North American Food Retailers" based on 2006 fiscal year estimated sales of $24.0 billion. [http://www.supermarketnews.com/sns-top-75/ 2007 Top 75 North American Food Retailers] , "Supermarket News", Last accessed February 24, 2007.]
Ahold Czech Republic A.S.
Ahold Polska- "(Poland)"
Ahold Retail Slovakia k.s.
Ahold Supermercados S.L.- "(Spain)"
Ahold Coffee Company- "(The Netherlands)"
Albert Heijn B.V.- "(The Netherlands)"
Gall & Gall B.V.- "(The Netherlands)"
Etos B.V.- "(The Netherlands)"
Schuitema N.V.- "(The Netherlands)" (73%)
ICA AB- "(Scandinavia)" (60%)
Jerónimo Martins- "(Portugal)"
Ahold also formerly owned the Edwards chain of stores, but changed most of the stores under that banner to Stop & Shop in 2000.
Ahold has sold all of their activities in Latin America.
Major shareholders in Ahold
Some of Ahold's major
John Rishtonhas been Chief executive officersince November 2007, having served in this role in an interim capacity since July 2007.
Kimberly Rosshas served as acting Chief financial officersince November 2007.
Peter Wakkiehas been Executive Vice Presidentand Chief Corporate Governance Counselsince 26 November 2003.
The previous CEO was
Anders Moberg, while Rishton formerly served as CFO.
In the turbulent first quarter of 2004 sales declined 11% to € 15,4 billion and Ahold recorded a net loss of € 405 million. This was partly a result of the sale of subsidiaries in
Braziland Thailandat unfavorable prices, in an effort to limit the effects of the accounting scandal. At the end of the quarter, net debts were € 7,1 billion.
Over the full year 2004, Ahold's net sales were 52 billion €. This resulted in an operating income of 195 million € and a net loss of 436 million € by Dutch
GAAP(€ 110 million by US GAAP). The net debt had been reduced to € 6.3 billion.
European Retail Round Table
* [http://www.helsinginsanomat.fi Helsingin Sanomat] (daily, print version, 15.6.2004)
* [http://www.ahold.com Ahold Official site]
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Look at other dictionaries:
ahold — [ə hōld′] n. Informal a hold get ahold of 1. to get in touch with [get ahold of her and let her know] 2. GET HOLD OF: see HOLD1 … English World dictionary
Ahold — A*hold , adv. [Pref. a + hold.] Near the wind; as, to lay a ship ahold. [Obs.] Shak. [1913 Webster] … The Collaborative International Dictionary of English
Ahold — Koninklijke Ahold Unternehmensform N.V. ISIN … Deutsch Wikipedia
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ahold — I. adverb Etymology: a (I) + hold, v. obsolete : near the wind II. əˈhōld, lt noun also aholt … Useful english dictionary
Ahold N.V. — Koninklijke Ahold N.V. Тип Naamloze Vennootschap Листинг на бирже … Википедия
Ahold — Koninklijke Ahold N.V. Тип Naamloze Vennootschap … Википедия
ahold — /euh hohld /, n. 1. Informal. a hold or grasp (often fol. by of): He took ahold of my arm. Grab ahold! 2. get ahold of, Informal. See hold (def. 51). adv. 3. Naut. Archaic. close to the wind and on a single tack: to keep a vessel ahold. [1600 10; … Universalium
AHOLD — Royal Ahold’s origins date from the 19th century, when it started as Albert Heijn’s grocery store in Oostzaan, Northern Holland. The family concern went public in 1948 and became the largest supermarket chain in the Netherlands. After the… … Historical Dictionary of the Netherlands
ahold — a|hold [ ə hould ] adverb get ahold of something SPOKEN to obtain or buy something after trying to get it for a long time: I finally managed to get ahold of a copy of that book you were looking for. get/grab/take ahold of something to take… … Usage of the words and phrases in modern English