Delhaize Group News

Delhaize Group is shifting gears, and an announcement made in Greece by the Belgian retailer will mean a competitive shift to take on Walmart in the United States.

Ahold and Delhaize, the two largest foreign-owned chains with the biggest stakes in the supermarket business, have both announced major cost-cutting initiatives over the next three years.

Salisbury, Md. Belgium-based Delhaize Group said late Thursday that Food Lion will double the number of its Bottom Dollar discount stores and push pricing at its flagship banner closer to that of Wal-Mart in 2010.

Delhaize intends to increase price competitiveness, triple the number of stores openings in its newer formats and realize an additional 300 million euros of annual operating cost savings by 2012.

Delhaize Group , the Belgian international food retailer, today at the occasion of its annual Analysts' Meeting, presents a new strategic plan for the coming years focusing on accelerated growth, increased efficiencies and stronger intra-Group integration.

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It upgraded the European food retail sector to positive from neutral, on the view that food inflation will soon begin to trend more positively, adding that with the potential upside for equity markets looking more limited now, the food sector's defensive nature looks "less disadvantageous." Delhaize could be a big beneficiary of this, is one of the ...

Mauldin-based Bi-Lo LLC has filed its plan for reorganization with the U.S. Bankruptcy Court.

Brussels, Belgium Delhaize Group reported Friday that profits increased 10.1% for the third quarter ended Sept.

European stocks rebounded from a one-month low in the past week as better-than-expected earnings at companies from Swiss Reinsurance Co to Delhaize Group SA fed investors expectations that a seven-month rally will go on.

We heard from two players on the US stage today a ' one retailer and one manufacturer a ' both of whom bore the same message.

Coca-Cola Hellenic Bottling Co., /quotes/comstock/13*!cch /quotes/nls/cch the Maroussi, Greece, bottler of Coke products, reported third-quarter net income of 206.1 million euros , or 0.57 euro a share.

BRUSSELS, Belgium, October 29, 2009 - For many years, the Institut Belge des Reviseurs d'Entreprise has been promoting the reporting and transparency of corporate responsibility in companies.

Pursuant to the Belgian Law of May 2, 2007 relating to the publication of major shareholdings in listed companies, Delhaize Group , the Belgian international food retailer, has received a notification of the threshold of 3% being crossed by AllianceBernstein L.P. by owning 2.92% of Delhaize Group's voting rights.

Merrill is also calling for a re-rating of U.S. grocers on an improved inflation outlook, a view that also supports the Delhaize upgrade and a higher price objective for Dutch-based Ahold /quotes/comstock/24s!e:ah from 9.5 euros to 10 euros.

Brussels, Belgium Belgian international food retailer Delhaize Group has reached an agreement to buy $425 million of assests from Mauldin, S.C.-based BI-LO, a grocery chain that entered bankruptcy proceedings earlier this year.

The Midlands' two dominant grocery chains appear headed for a merger. Food Lion parent Delhaize Group said Monday that it's in talks to buy stores and inventory worth $425 million from Mauldin-based Bi-Lo, which sought bankruptcy protection earlier this year.

File photo by Tim Barber Bi-Lo stores such as this one in Red Bank could be integrated into Food Lion's network if a federal judge approves a deal between the companies.

BRUSSELS, Belgium, August 31, 2009 - Delhaize Group , the Belgian international food retailer, discloses the information required under article 15, 1 and 18, 1 of the Law of May 2, 2007 regarding the disclosure of major shareholdings in listed companies following a capital increase resulting from the exercise of subscription rights.

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