Factbites
 Where results make sense
About us   |   Why use us?   |   Reviews   |   PR   |   Contact us  

Topic: Ahold


Related Topics
VNU

  
  Ahold - Wikipedia, the free encyclopedia
Ahold, (in full Koninklijke Ahold N.V. Royal Ahold N.V. Euronext: AH, FWB: AHO, NYSE: AHO) based in Amsterdam, the Netherlands is one of the world's largest supermarket operators and one of the world's largest foodservice and retail companies.
Ahold is listed on Euronext Amsterdam, the New York Stock Exchange, SWX Swiss Exchange and the Frankfurt Stock Exchange.
Currently, Royal Ahold is still the fourth largest retail based company in the world after Wal-Mart, Carrefour and Home Depot.
www.wikipedia.org /wiki/Ahold   (675 words)

  
 BBC NEWS | Business | Worries mount for Ahold
And Ahold indicated that more news could come out: its US losses are not yet tallied up, and it admitted it was separately investigating the legality of transactions at its Argentine unit.
Ahold has said that an emergency loan package, agreed with its banks before it announced the accounting troubles, has shored up its finances.
Dutch banks and insurers, almost all of which are involved with Ahold in some way, are counting the cost of the share price collapse.
news.bbc.co.uk /1/hi/business/2797097.stm   (584 words)

  
 SEC Charges Royal Ahold and Three Former Top Executives with Fraud; Former Audit Committee Member Charged with Causing ...
Ahold has agreed to settle the Commission's action, without admitting or denying the allegations in the complaint, by consenting to the entry of a judgment permanently enjoining the company from violating the antifraud and other provisions of the securities laws.
Ahold also made its current personnel available for interviews or testimony, significantly assisted the staff in arranging interviews with, or testimony from, former Ahold personnel located in the United States and, of even greater importance, abroad.
Ahold fully consolidated several joint ventures in its financial statements despite owning no more than fifty percent of the voting shares and despite shareholders' agreements that clearly provided for joint control by Ahold and its joint venture partners.
www.sec.gov /news/press/2004-144.htm   (1370 words)

  
 USATODAY.com - U.S. authorities subpoena Ahold internal documents   (Site not responding. Last check: 2007-09-18)
Ahold — the owner of U.S. grocery chains Giant, Bi-Lo and Stop and Shop as well as the Dutch supermarket Albert Heijn —; became Europe's biggest accounting scandal last week when it revealed it had overstated profits at its key U.S. Foodservice arm by more than $500 million since 2001.
The chief executive and the chief financial officer of Ahold — which has spent billions in recent years to snap up acquisitions, swelling its revenues to become the world's third biggest supermarkets group — resigned when the irregularities were revealed last Monday.
Ahold's accounting irregularities, relating to so-called vendor allowances where retailers take money from suppliers to promote their products, were uncovered by its auditors Deloitte and Touche during an audit of the group's 2002 accounts.
www.usatoday.com /money/industries/food/2003-03-04-ahold_x.htm   (783 words)

  
 New York Times - Grocer's Workers Hurt in Scandal
Ahold, the global grocery company, created a program that encouraged workers in the Netherlands not only to buy stock but allowed them to borrow money to do so.
Ahold disclosed Monday that it had overstated its earnings by at least $500 million in total over the last two years because of accounting irregularities at U.S. Foodservice, one of the largest food distributors in the United States.
Ahold tried to reassure jittery employees by reminding them that the loans in many instances do not have to be paid back until 2008.
www.provost-citywide.org /ahold-nyt022503.htm   (836 words)

  
 CNN.com - Ahold offloads Brazilian chain - Mar. 1, 2004
An Ahold spokesman said the Dutch retailer, which embarked on a drive to withdraw from several markets last year after a billion-euro profit overstatement scandal, was getting roughly the enterprise value as gross proceeds.
Ahold analysts were also pleased with the transaction, and Ahold shares on Monday closed 5.1 percent higher at 7.03 euros.
Ahold has sold assets in Chile, Peru and Paraguay and is still in negotiations to sell the Disco supermarket chain in Argentina.
www.cnn.com /2004/BUSINESS/03/01/ahold.brazil.reut/index.html   (627 words)

  
 Royal Ahold woes put Giant Food's future in doubt - The Washington Times: Business   (Site not responding. Last check: 2007-09-18)
Ahold officials are scheduled to release a strategic plan tomorrow detailing the future of the world's third-largest retailer and its subsidiaries.
Ahold's Columbia, Md.-based U.S. Foodservice subsidiary is at the heart of the accounting irregularities.
Ahold is the seventh-largest grocery company in the United States with $25 billion in sales, according to Supermarket News, a weekly trade magazine.
www.washtimes.com /business/20031105-104028-9673r.htm   (632 words)

  
 BBC NEWS | Business | Ban for former Ahold executives
Ahold cooperated fully with the SEC in its investigation and has undertaken significant remedial actions in connection with the issues that were investigated
"Ahold cooperated fully with the SEC in its investigation and has undertaken significant remedial actions in connection with the issues that were investigated," the company said.
Ahold is still facing a class action suit, an investigation by the US Justice Department and a suit by Dutch shareholder group VEB.
news.bbc.co.uk /2/hi/business/3741168.stm   (565 words)

  
 News @ Cisco: Supermarket Giant Achieves Immediate ROI using Cisco MDS 9000 Storage Solution
Ahold USA, a subsidiary of Netherlands-based Royal Ahold, the world's third largest food retailer, needed to consolidate and simplify its storage infrastructure.
Ahold USA set out to consolidate and simplify its IT infrastructure to maximize efficiency and reduce costs, especially when it came to storage.
Today, Ahold USA has two redundant fabrics at each data center, with Cisco MDS 9509 director switches in the core and MDS 9100 and 9216 fabric switches in the edges to handle 105 terabytes of data.
newsroom.cisco.com /dlls/2004/hd_102504.html   (993 words)

  
 Ahold/Giant - Analysis
Ahold, headquartered in Zaandam, The Netherlands, is one of the world's largest supermarket firms, operating approximately 3,000 stores in Europe, North and South America, and Asia.
Ahold proposes to acquire all of the Class AC and Class AL voting stock, and all of the outstanding Class A common stock of Giant, for approximately $2.7 billion.
Ahold and Giant are actual and direct competitors in and near Bel Air, Eldersburg, Frederick, Westminster, Norristown, Warminster, and Yardley.
www.ftc.gov /os/1998/10/9810254ana.htm   (2244 words)

  
 GreenvilleOnline.com - Ahold appoints chief financial officer   (Site not responding. Last check: 2007-09-18)
Ahold's chief executive and chief financial officers resigned in late February after the company said a U.S. subsidiary overstated income by more than $500 million in 2001 and 2002.
Ahold's stock plummeted but the company was able to counter talk it was headed for bankruptcy by arranging 3 billion euros ($3.1 billion) in credit from a group of banks, using its Dutch and U.S. assets as collateral.
Ahold is currently run by the chairman of its supervisory board, Henny de Ruiter.
greenvilleonline.com /news/business/2003/03/11/200303112702.htm   (451 words)

  
 Ahold Accounting Probe Completed
The total value of accounting errors at supermarket operator Ahold was 970 million euros, or about $1.13 billion, a just-completed investigation found.
Ahold is also making personnel changes at its U.S. Foodservice, Disco, Tops and parent company divisions.
Ahold said it was working to complete the audits of its 2002 consolidated financial statements by Aug. 15, required under its 2.65 billion euros credit facility.
www.thestreet.com /markets/marketfeatures/10097399.html   (203 words)

  
 Koninklijke Ahold N.V. (Royal Ahold); A. Michiel Meurs and Cees van der Hoeven; Johannes Gerhardus Andreae; Ture Roland ...
Koninklijke Ahold N.V. (Royal Ahold); A. Michiel Meurs and Cees van der Hoeven; Johannes Gerhardus Andreae; Ture Roland Fahlin: Lit.
Ahold and three of the individual defendants have agreed to settlements with the Commission.
Ahold also made its current personnel available for interviews or testimony, significantly assisted the staff in arranging interviews with, or testimony from, former Ahold personnel located in the United States and abroad.
www.sec.gov /litigation/litreleases/lr18929.htm   (1189 words)

  
 Ahold Settles Lawsuit for $1.1 Billion
Ahold said the settlement, which is subject to approval by U.S. District Judge Catherine C. Blake, in Baltimore, will allow the grocery giant to continue its plan to revive the stumbling Maryland-based unit.
The Ahold settlement is the latest in a string of high-profile deals reached by shareholders in the wake of the corporate scandals that rocked U.S. markets in the early part of the decade.
Ahold said managers at the unit booked more money in promotional allowances, which are provided by suppliers to promote their goods, than it actually received.
www.washingtonpost.com /wp-dyn/content/article/2005/11/28/AR2005112800144.html   (704 words)

  
 ABC News: Dutch Ahold 2Q Sales Fall Nearly 1 Pct.   (Site not responding. Last check: 2007-09-18)
Ahold, the owner of U.S. chains Stop & Shop, Tops and Giant-Landover, said Thursday that its revenue in the United States rose 4 percent over the three-month period to $3.8 billion.
In 2003, Ahold disclosed that it had overstated its earnings by more than $1 billion for 2000-2002 in a scandal that drove the company to the brink of bankruptcy.
Ahold shares fell 0.6 percent to 7.26 euros ($8.96) in Euronext trading.
abcnews.go.com /Business/wireStory?id=1007261   (234 words)

  
 Guardian Unlimited Business | Business latest | SEC investigates €500m Ahold scandal
Ahold, one of the world's biggest retailers, was last night facing a series of regulatory investigations and lawsuits following the discovery of a multimillion-euro accountancy scandal at its US operations.
Ahold's shares have been hammered since news of the scandal - accompanied by the planned resignations of chief executive Cees van der Hoeven and chief financial officer Michael Meurs - hit the stock market.
Ahold has said it is too early to be precise about what happened.
www.guardian.co.uk /business/story/0,3604,903696,00.html   (592 words)

  
 Ica - Current News & Information   (Site not responding. Last check: 2007-09-18)
Ahold today announced that it has closed the transaction relating to the purchase of the 20% interest of Canica AS in the Scandinavian joint venture ICA AB.
Ahold (AHO) (NL:33181) said Monday it was taking an 87 million euro charge to its third quarter after buying a 20 percent stake in its ICA Scandinavian joint...
Ahold has announced that it has reached final agreement with Canica AS on the purchase price of Canica`s 20% interest in the Scandinavian joint venture ICA AB.
news.daylightonline.com /2003/Ica.html   (2990 words)

  
 Ahold Information Services at Stop and Shop   (Site not responding. Last check: 2007-09-18)
Ahold's vision is to reach market leadership wherever it operates.
Ahold keeps to its core business of food and food-related retailing and maintains the balance portfolio of investment in mature and emerging markets.
Financially, Ahold's long-term objectives are 15% earnings per share growth, excluding currency fluctuations, and substantial year-on-year increases on net-earnings.
company.monster.com /aholds   (327 words)

  
 Fool.com: Fear Grabs Ahold [Motley Fool Take] February 24, 2003
Shares of Royal Ahold (NYSE: AHO) plunged over 65% this morning after the retail giant unveiled "significant accounting irregularities," forced out its chief executive and chief financial officer, and warned of much lower earnings ahead.
Ahold, based in the Netherlands, has interests in 9,000 discount and grocery stores worldwide.
Standard and Poor's cut Ahold's credit rating to "junk" status today, and the whole scenario is bringing back unpleasant memories.
www.fool.com /news/take/2003/mft/mft03022403.htm   (206 words)

  
 Guardian Unlimited Business | Business latest | Ahold four accused of $700m fraud
Discovery of the scheme caused Ahold's market value to collapse by $6bn in March last year and led to the departure of the group's chief executive and finance director.
Ahold was chastised in May by the Euronext bourse for failing to own up to its problems promptly.
An Ahold spokesman declined to comment, except to say that all of those concerned have left the company.
www.guardian.co.uk /business/story/0,3604,1270392,00.html   (443 words)

  
 New charges in alleged fraud at Ahold arm - Corporate Scandals - MSNBC.com
Two of the nine were also charged with conspiring to trade on inside information relating to a 2000 Ahold stock offering.
Ahold said in early 2003 that it had overstated its earnings by more than $1 billion, mostly because of the alleged fraud at U.S. Foodservice, and its stock lost 60 percent of its value.
In July 2004, four executives of U.S. Foodservice were accused of conspiring to inflate the earnings by reporting $800 million in fake rebates from suppliers.
www.msnbc.msn.com /id/6822285   (645 words)

  
 Guardian Unlimited Business | Business latest | Ahold prepares cakes for long inquiry
The loss-making Dutch supermarket group, struggling to shake off the legacy of an accounting scandal at its US subsidiary and declining sales and share-price, will be investigated by a three-strong panel of experts, which is understood to have "miles" of documents on the case.
"This was primarily due to the fact that Ahold has cooperated fully in these investigations and to the major recovery measures we have taken," he said, adding that the aim of the inquiry was not to seek damages.
Ahold still faces investigation by the US justice department and a class action by a Colorado pension fund.
www.guardian.co.uk /business/story/0,3604,1384932,00.html   (438 words)

  
 Peapod shareholders OK Ahold investment - Jun. 30, 2000
Under the agreement, Netherlands-based Ahold is investing $72.6 million in a newly issued series of convertible preferred Peapod stock with a conversion price of $3.75 a share, representing 51 percent of Peapod's outstanding common stock on a converted basis.
The agreement, which was first announced in April, came just as Peapod was nearing a dot.com death.
Ahold, based in Zandaam, The Netherlands, posted $20 million in 1999 and is also the parent company of Giant-Landover, Giant-Carlisle and Bi-Lo supermarkets.
www.cnnfn.com /2000/06/30/companies/peapod   (423 words)

Try your search on: Qwika (all wikis)

Factbites
  About us   |   Why use us?   |   Reviews   |   Press   |   Contact us  
Copyright © 2005-2007 www.factbites.com Usage implies agreement with terms.