Ahold Minimizes Intent to Sell Company

AMSTERDAM, The Netherlands - Dutch multinational Ahold, which is recovering from an accounting scandal, played down a newspaper report on Wednesday, May, that said it would consider selling the company if it ran into trouble again.

"At the moment we don't have plans to sell the company," an Ahold spokesman said. "Selling the company would be a last resort."

Ahold, which owns U.S. Foodservice, Columbia, MD, has sold some units in the last year to improve its financial situation after discovering a one billion euro ($1.2 billion) profit overstatement at its American distribution subsidiary.

Dutch daily De Volkskrant on Wednesday quoted Anders Moberg, ceo, as saying he did not rule out a possible sale of the company in case of new troubles. "We investigate all options. A situation can arise again such as last year, when we were almost forced to sell the company," Moberg was quoted as saying.

Members help make our journalism possible. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.

Multimedia

Exclusive Content

Leadership

Meet the restaurant fixer who now owns Etta

Tech entrepreneur Johann Moonesinghe suddenly finds himself leading a growing group of restaurants. His secret? He doesn't expect to make a profit.

Financing

Looking for the next Chipotle? These 3 chains are already there

The Bottom Line: Wingstop, Raising Cane’s and Jersey Mike’s have broken free from the pack of well-established growth chains. Here’s why this trio stands out.

Financing

For Starbucks, 2 years of change hasn't yielded promised results

The Bottom Line: The coffee shop giant’s sales struggles worsened earlier this year, despite a flurry of efforts to improve operations and employee satisfaction.

Trending

More from our partners