Ahold Sells Two U.S. Retail Chains
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Dutch retailer Ahold said on Thursday it had agreed to sell its Bruno's and BI-LO retail chains in the United States to Lone Star Funds for &#36;660 million, which is slightly below market expectations.
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Ahold NV , the Dutch grocery operator, and three former top executives have agreed to settle U.S. securities fraud charges related to massive overbooking of profits, the company and U.S. regulators said on Wednesday.
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Dutch retailer Ahold has said it has reached an agreement with its joint venture partner Canica over the purchase price of Canicaâs 20% stake in Scandinavian joint venture ICA AB.
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Royal Ahold NV said Thursday it reached an agreement to sell its Bi-Lo and Bruno&#39;s supermarket chains to a Dallas-based private investor for $660 million.
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U.S. chain store sales rose in the  second week of October compared with last year, as seasonal  shopping drove sales during the second week of the month, a  report said on Tuesday.
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AMSTERDAM  - Global food retailer Royal Ahold NV said Thursday it will sell two of its U.S. grocery chains, BI-LO and Bruno's, to Dallas-based Lone Star Funds for &#36;560 million US in cash.
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Description: Two of the nation&#39;s oldest and best-known retailers -- Sears, Roebuck and Co. and Kmart -- agree to merge in a deal worth an estimated $11 billion.
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Ahold, the world's third-biggest food retailer, reported that sales in the third quarter had fallen by 7.9 percent owing to exchange rate variations and asset sales.
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Dutch international supermarket operator Ahold has said it has swung back into profit in the third quarter 2006, posting net earnings of 210 million euros (278 million dollars) after a loss of 236 million euros in the same period last year.
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TROY, MICH. - Kmart Holding Corp. will sell 45 of its stores to Sears, Roebuck and Co. for $524 million, Kmart said late last week.
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Two closed Kmart stores in the Tampa Bay area are among 50 nationwide acquired by Sears, Roebuck and Co. in a $576-million deal announced Wednesday.
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U.S. chain store sales posted slight  gains in first week of September, supported by strong results  at discount stores, a report said on Tuesday.
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Ahold is to complete its exit from the Brazilian market early in 2005 after agreeing the sale of its G Barbosa supermarket business to an affiliate of US firm ACON Investments.
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Dutch retailer Ahold  reported a 3 percent drop in fourth-quarter sales on Thursday, hurt by its sluggish U.S. retail operations and with margins hit by restructuring costs but investors shrugged off the bad news.
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Ahold has agreed to sell its Bruno's  and BI-LO shop units in the United States to Lone Star Funds  for $660 million, the Dutch retailer said on Thursday.
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AMSTERDAM, Netherlands - The global food retailer Ahold NV, which owns the Stop &amp; Shop and Giant chains in the United States, said Monday it will buy a 20 percent stake in Scandinavian grocer ICA AB for 7.35 billion Swedish kronor ($1.
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Supermarkets and food service group Ahold reported a third-quarter operating loss on Wednesday after making various exceptional charges on the value of some assets as it continues to battle price wars.