Ahold to Sell Two US Retail Chains
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Ahold has agreed to sell its Bruno&#39;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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Ahold today announced it has entered into an agreement to sell its US retail subsidiaries BI-LO and Brunoâs to an affiliate of the Lone Star Funds for total cash proceeds of up to $660 million.
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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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Retailer Kmart Holdings Corp. (KMRT.O) on Monday said it finalized a deal to sell 18 of its stores to Home Depot Inc. (HD.N) for &#36;271 million.
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Dutch supermarket chain Royal Ahold NV's integration of Stop &#38; Shop and Giant Landover stores in the United States has cost $57.5 million, a senior executive said Monday.
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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 (&#36;1.03 billion).
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Home Depot Inc.  has agreed to sell its supply division to three private equity firms, sources said on Tuesday, in a deal worth more than $10 billion.
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The sale, for $1.76 billion in cash, is the final step in American Standardâs plan to split into three companies.
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Two of the nation's most well-known companies today said they would combine to form the third-largest U.S. retailer.
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AMSTERDAM, Netherlands Global food retailer Royal Ahold NV is selling grocery chains BI-LO and Bruno&#39;s to Dallas-based Lone Star Funds.
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Ahold, the world's third biggest retail group, announced a rise in net profits but also a sharp drop in second quarter operating income as improved results in Europe and food services were unable to offset tough market conditions in the United States.
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Royal Ahold NV, the grocer which owns the Stop &amp; Shop chain in the U.S., said Thursday its second-quarter profit soared on gains from asset sales including its U.S.-based food distribution arm.
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Retail entrepreneur Tom Hunter and Icelandic retail group Baugur sell their 21% stake in UK department store group House of Fraser.
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Kmart Holding Corp. (KMRT.O: Quote, Profile, Research) said on Thursday it would sell 45 stores for $524 million to Sears, Roebuck and Co.
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Arts and crafts retailer Michaels   Stores Inc. MIK.N on Friday agreed to sell itself to two   private equity groups for more than $6 billion in a deal that   attracted many of the world's biggest buyout firms.
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Bids are being lined up for the US Foodservice division of Dutch retailer Ahold, with a decision on the sale expected later this month.
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Kmart Holding Corp. , the discount chain pulled from bankruptcy by hedge fund operator Edward Lampert, will buy Sears, Roebuck & Co.  for &#36;10.85 billion in a bold play to revive two of America's best-known, but long-struggling, retail brands.