Ahold USA Inc.

Recent Events

News & Analysis

ahold usa inc. and u.s. foodservice inc. - All News and Analysis

• Former U.S. Foodservice executives charged with fraud, insider trading

  - 2004-08-02

  The recently reorganized U.S. Foodservice Inc., after an embarrassing acknowledgement of accounting irregularities and restatement of earnings, took another but expected smack last week when authorities brought civil and criminal charges against four former executives. The charges were filed by the U.S. Attorney's Office and the U.S. Securities...

  Tags: Ahold USA Inc., U.S. Foodservice Inc.

• Former Executive Sues Royal Ahold.

  - 2004-03-09

  By Lorraine Mirabella, The Baltimore Sun Knight Ridder/Tribune Business News Mar. 9--The former head of Columbia, Md.-based U.S. Foodservice, the subsidiary at the center of an accounting scandal that nearly toppled Dutch food retailer Royal Ahold NV last year, is suing his...

  Tags: Ahold USA Inc., Royal Ahold N.V., U.S. Foodservice Inc.

• Royal Ahold Refuses to Comment on Rumored Plans for Sale of U.S. Foodservice.

  - 2003-06-05

  By June Arney, The Baltimore Sun Knight Ridder/Tribune Business News Jun. 5--Royal Ahold NV yesterday refused to comment yesterday on a report that the troubled company is considering selling all or part of U.S. Foodservice, its Columbia food distributor at the heart...

  Tags: Ahold USA Inc., Royal Ahold N.V., U.S. Foodservice Inc.

• Royal Ahold dismisses top brass: questionable accounting claims force board's hand

  - 2003-03-10

  ZAANDAM, NETHERLANDS -- Royal Ahold has fired its ceo and cfo after its accountants found irregularities in an audit of the company's 2002 results. The central issue regards vendor allowances at Ahold's U.S. Foodservice division. The trouble at Ahold is putting a spotlight on accounting practices and vendor allowances...

  Tags: Ahold USA Inc., Royal Ahold N.V., U.S. Foodservice Inc.

• Ahold USA net grows 34% on 37% sales gain

  - 2001-04-09

  ZAANDAM, The Netherlands -- Propelled by the April acquisition of U.S. Foodservice as well as stronger results at its East Coast supermarket operations, Ahold USA pumped out earnings growth of 34% on a 36.9% sales increase during 2000. The United States unit of the Netherlands-based Royal Ahold saw operating...

  Tags: Ahold USA Inc., U.S. Foodservice Inc.

• Ahold's U.S. division posts 49% profit gain

  - 2000-10-09

  ZAANDAM, the Netherlands -- Buoyed by recent acquisitions outside its traditional supermarket and food/drug combination store operations, Royal Ahold NV's business operations in the United States pumped out 40%-plus growth in sales and profits during the 12 weeks ended July 16. Operating earnings in the second quarter surged 47.8%...

  Tags: Ahold USA Inc., Royal Ahold N.V., U.S. Foodservice Inc.

• International Firm to Buy Food Service Distributor for $1.57 Billion.(Knight Ridder/Tribune Business News)

  - 2000-08-17

  Aug. 17--Royal Ahold, the international food provider which owns Bi-Lo supermarkets and Golden Gallon in Chattanooga, agreed Wednesday to buy one of the South's largest foodservice distributors to restaurants. Through its U.S. Foodservice subsidiary, Royal Ahold will pay $1.57 billion to acquire PYA/Monarch...

  Tags: Ahold USA Inc., PYA/Monarch, Royal Ahold N.V., U.S. Foodservice Inc.

• Ahold Announces New Acquisition In U.S. Foodservice Sector; PYA/Monarch, with $3 billion in sales, teams up with Ahold subsidiary U.S. Foodservice

  - 2000-08-16

  Business Editors ZAANDAM, The Netherlands/United States--BUSINESS WIRE--August 16, 2000 Highlights of transaction: -- Ahold in the US further expands position in foodservice industry -- Profitable PYA/Monarch lifts annualized sales of U.S. Foodservice to approximately $12 billion in 2001 -- Ahold pays $1.57 billion to...

  Tags: Ahold USA Inc., PYA/Monarch, U.S. Foodservice Inc.

• Ahold buys U.S. Foodservice - Brief Article - Illustration - Statistical Data Included

  - 2000-03-16

  Dutch food retailer Ahold says it will pay US$3.6bn (??3.75bn) to acquire U.S. Foodservice, which supplies food to restaurants, hospitals, schools and government organisations. With annual sales in excess of US$7bn, the acquired group is the second largest foodservice distributor in the US and takes Ahold USA's annual turnover up...

  Tags: Ahold, Ahold USA Inc., U.S. Foodservice Inc.

• Royal Ahold Set to Acquire U.S. Foodservice in $3.6-Billion Deal

  - 2000-03-13

  Dutch mega-retailer Royal Ahold, entered into a merger agreement with Americas second largest foodservice distributor, U.S. Foodservice in a deal worth approximately $3.6 billion. The transaction turns Ahold USA into a $30-billion multi-channel food provider servicing over 20 million U.S. households through its network of stores, institutional operations and the...

  Tags: Ahold USA Inc., Royal Ahold N.V., U.S. Foodservice Inc.