Tuesday, February 14, 2006

Ahold: Ready to grow again?

After more than two years of licking wounds and selling off divisions to pay the debts, Ahold feels that they are ready to "consign a 2003 accounting scandal to history," according to this article.

Apparently they are looking to buy:

"We have around 3,000 stores now. This year will involve buying separate, smaller chains, building new stores, moving stores and investing in current stores in Holland, east and central Europe and in the USA," Moberg said.

Moberg said the group could grow in the United States to the south, west and north and did not exclude Canada as long as the company could become the number one or two in the market within a reasonable amount of time.

Good luck to them -- they've suffered enough.

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