ID NEWS: Ahold to unveil final results of probes soon

Royal Ahold, Zaandam, The Netherlands, is getting set to unveil the results of three final investigations into accounting scandals that resulted in profit overstatements of more than $900 million, according to Reuters.

Final results are possible before the week is out, a spokesperson said.

The international company's U.S. Foodservice subsidiary in Columbia, MD, represents the bulk of the accounting irregularities: Some $880 million in profits were overstated by the national broadliner.

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

Marketing

Meet the restaurant industry's new government adversary

Reality Check: The FTC wants the business to change several longstanding operating conventions. Has it heard why that's a bad idea?

Financing

Why are so many restaurant chains filing for bankruptcy?

The Bottom Line: A combination of rising costs and weakening sales, and more expensive debt, has caused real problems for restaurant chains. But the industry is also really difficult.

Financing

Despite their complaints, customers keep flocking to Chipotle

The Bottom Line: The chain continued to be a juggernaut last quarter, with strong sales and traffic growth, despite frequent social media complaints about shrinkflation or other challenges.

Trending

More from our partners