Both Ahold and Delhaize Group report strong Q2 results; combined Q3 results to be published on November 17

Both Ahold and Delhaize Group report strong Q2 results; combined Q3 results to be published on November 17
Both Ahold and Delhaize Group report strong Q2 results; combined Q3 results to be published on November 17

 

Zaandam, the Netherlands, 2016-Aug-28 — /EPR Retail News/ — Ahold Delhaize today (August 25, 2016) published Ahold’s second-quarter and half-year report for the period ended July 17, 2016, and, as an appendix, Delhaize Group’s summarized second-quarter and half-year report for the period ended June 30, 2016.

The company, a leader in supermarkets and e-commerce with 22 market-leading local brands in 11 countries, was formed from the merger of Ahold and Delhaize Group. The merger was effective on July 24, 2016, after the end of both companies’ second-quarter reporting periods.

CEO comments: Dick Boer, CEO of Ahold Delhaize, said: “We have started our new chapter as Ahold Delhaize with good momentum, with these two strong sets of pre-merger results. Building on our solid financial foundation, common values and great local brands, we are driving ahead with full energy to deliver even more for customers and communities, associates and shareholders. We look forward to continuing to shape Ahold Delhaize, with a strong commitment to delivering great food, value and innovations for customers across our 11 markets, both in stores and online.”

Pro-forma adjustments

Starting from the third quarter of 2016, Ahold Delhaize will report its quarterly financial performance for five business segments: The Netherlands, Belgium, Central and Southeastern Europe and two reporting segments in the United States. To provide a comparable base, pro-forma historical quarterly segment information will be published on October 6, 2016. In this pro-forma information, we will exclude the financial impact of divestments, as well as merger transaction costs. We will include the impact of purchase price allocation, as well as other effects, including the effects of the alignment of corporate costs allocation and accounting policies.

As announced by Ahold and Delhaize Group on July 14, 2016, 86 stores will be divested in the United States, as part of the approval of the U.S. Federal Trade Commission. Proceeds from these divestments  are estimated to be $174 million, resulting in no significant divestment gain or loss. These 86 stores represented $1.4 billion of net sales and $88 million of underlying operating income in 2015. In addition, Ahold Delhaize expects to divest another 10 stores in the Richmond area.

In Belgium, Ahold Delhaize will divest 13 stores, as part of the approval by the Belgian Competition Authority, as announced on March 15, 2016.  These 13 stores represented €94 million of net sales and €10 million of underlying operating income in 2015. In addition, Delhaize Belgium also announced the sale of pet specialist shop chain Tom&Co on June 27, 2016.

Outlook

We are confident that we will meet our synergy target of €500 million on an annual run-rate basis by mid-2019. In 2016, synergies are expected to positively impact operating income by €30 million in the second half of 2016.

We continue to expect €350 million in one-off costs related to the merger, of which €61 million has been booked by Ahold and Delhaize year-to-date 2016 and €80 million is expected for the second half of 2016. This excludes transaction costs, which we continue to expect to be within €140 million, of which €62 million has been booked by Ahold and Delhaize in 2015 and €15 million year-to-date in 2016, with the remainder expected for the second half of 2016.

Our free cash flow for 2016 is expected to be €1.3 billion, including expected capital expenditure of €1.8 billion, €0.2 billion of transaction, integration and Delhaize Belgium’s Transformation Plan costs and estimated cash flows from divestments of €0.1 billion.

We plan to hold a Capital Markets Day on December 7 in London, where we will provide an update on our future strategy framework for Ahold Delhaize, share more details on integration and synergies, and give guidance on our capital structure going forward.

Notes to this report

This report includes separate results for the second quarter and half year of 2016 for both former Koninklijke Ahold N.V. (“Ahold”) and former Delhaize Group SA/NV (“Delhaize”) on a standalone basis. Koninklijke Ahold Delhaize N.V. (“Ahold Delhaize”) will publish its first combined results as of the third quarter of 2016.

Ahold and Delhaize Group are reporting on a standalone basis for the second quarter and half year of 2016 because the July 24, 2016, effective merger date of Ahold and Delhaize fell after the July 17 end of Ahold’s first half year of 2016 and after the June 30 end of Delhaize’s first half year of 2016. Ahold’s interim report is included on pages 3-24 of this document and Delhaize’s summary report on pages 25-37. The members of the Ahold Delhaize Management Board who acted as members of the Ahold and Delhaize boards during these reporting periods are the ones responsible for the respective standalone half-year reports.

Cautionary notice

This communication contains forward-looking statements, which do not refer to historical facts but refer to expectations based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially from those included in such statements.  These statements or disclosures may discuss goals, intentions and expectations as to future trends, plans, events, results of operations or financial condition, or state other information relating to Ahold Delhaize, based on current beliefs of management as well as assumptions made by, and information currently available to, management.  Forward-looking statements generally will be accompanied by words such as “anticipate,” “believe,” “plan,” “could,” “estimate,” “expect,” “forecast,” “guidance,” “intend,” “may,” “possible,” “potential,” “predict,” “project” or other similar words, phrases or expressions.

This communication contains Ahold Delhaize forward-looking statements relating to, among others, synergy targets, one-off costs, the performance of the Ahold Delhaize business, capital expenditure, cash flow, transaction and integration costs and the Ahold Delhaize Capital Markets Day on December 7, 2016, on which more information is expected to be provided on Ahold Delhaize’s future strategy framework, integration and synergies as well guidance on capital structure, strengthening customers’ proposition, strong sales growth at bol.com, principal enterprise risks faced by Ahold Delhaize, Delhaize’s integrated stores’ sales growth and Ahold Delhaize’s contingencies, commitments and guarantees.

Many of the risks and uncertainties relate to factors that are beyond Ahold’s control. Factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, the risks that the new businesses will not be integrated successfully or promptly or that the combined company will not realize the expected benefits from the transaction, Ahold Delhaize’s ability to successfully implement and complete its plans and strategies and to meet its targets, risks related to disruption of management time from ongoing business operations due to attention being required in connection with the integration, the benefits from Ahold Delhaize’s plans and strategies being less than anticipated, the effect of the merger on Ahold Delhaize’s ability to retain customers,retain and hire key personnel, attract employees who are integral to the success of the business and maintain relationships with suppliers, and on their operating results and businesses generally, litigation relating to the merger, the effect of general economic or political conditions, Ahold Delhaize’s business and IT continuity, collective bargaining, distinctiveness, competitive advantage and economic conditions; information security, legislative and regulatory environment and litigation risks and product safety, pension plan funding, strategic projects, sustainable retailing, insurance and unforeseen tax liabilities and other factors as discussed in Ahold’s and Delhaize’s public filings and other disclosures.

The foregoing list of factors is not exhaustive. Investors and shareholders are cautioned not to place undue reliance on such statements. Forward-looking statements speak only as of the date they are made.  Ahold Delhaize does not assume any obligation to update any public information or forward-looking statement in this communication to reflect events or circumstances after the date of this communication, except as may be required by applicable laws.

Outside the Netherlands, Koninklijke Ahold Delhaize N.V., being its registered name, presents itself under the name of “Royal Ahold Delhaize” or simply “Ahold Delhaize.”

Media Relations:
Email: media.relations@aholddelhaize.com
Phone: +31 88 659 9111

Source: Ahold Delhaize

###

Ahold and Delhaize Group expect to complete their intended merger on July 23, 2016

Zaandam, the Netherlands, 2016-Jul-22 — /EPR Retail News/ — In line with required notification periods for listing purposes, Ahold and Delhaize Group today announced that they expect to complete their intended merger on July 23, 2016, if regulatory clearance has been obtained from the United States Federal Trade Commission by that date.Subject to completion of the merger on July 23, 2016, Ahold Delhaize is expected to start trading on Euronext Amsterdam and Brussels on Monday, July 25, 2016, with ticker symbol AD. Ahold Delhaize American Depositary Receipts (ADRs) will trade over-the-counter in the United States and will be quoted on the OTCQX International marketplace.

Details on the settlement mechanics for holders of Delhaize Group shares are provided in Delhaize Group’s press release of today.

Please visit www.delhaizegroup.com or www.adcombined.com for more information.

Read all about the intended merger

Cautionary notice
This press release includes forward-looking statements, which do not refer to historical facts but refer to expectations based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those included in such statements. These forward-looking statements include, but are not limited to, statements as to the expectation of Ahold and Delhaize to complete their merger on July 23, 2016, subject to FTC clearance, and trading and quoting of Ahold Delhaize shares and ADRs. These forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by the forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond Ahold’s ability to control or estimate precisely, such as discussed in Ahold’s public filings and other disclosures. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. Koninklijke Ahold N.V. does not assume any obligation to update any public information or forward-looking statements in this release to reflect subsequent events or circumstances, except as may be required by law. Outside the Netherlands, Koninklijke Ahold N.V., being its registered name, presents itself under the name of “Royal Ahold” or simply “Ahold.”

Contact:
Phone: +31 88 659 9111

Source: Ahold

Ahold and Delhaize Group to divest 86 stores in U.S.

BRUSSELS, Belgium, 2016-Jul-18 — /EPR Retail News/ — Delhaize Group and Ahold today announced that their United States subsidiaries have reached agreements with buyers to divest a total of 86 stores in a limited number of locations in which the companies’ U.S. subsidiaries both operate. These divestments are being made in connection with the United States Federal Trade Commission’s (FTC) pending review of the proposed merger between the two companies. The divested stores are being sold to well-established supermarket operators.

All of the purchase agreements are subject to FTC approval. The agreements are also subject to FTC clearance and formal completion of the Delhaize Group and Ahold merger, which the companies continue to expect before the end of July.

These store locations represent 4.1% of the Ahold and Delhaize Group companies’ total combined U.S. store count and 3.2% of combined U.S. 2015 net sales.

“Selling stores is a difficult part of any merger process, given the impact on our associates, customers and communities in which we operate,” said Frans Muller, President and Chief Executive Officer, Delhaize Group. “We believe we have made every effort to identify strong buyers for these locations, and we want to thank our loyal associates and customers who have shopped our stores and supported us for so many years. Upon the completion of the merger, we will continue to maintain our local Food Lion and Hannaford brands; however, our new company scale will enable us to accelerate our local market strategies to better serve our customers with nearly 2,000 stores along the East Coast in the United States.”

The buyers of the 86 stores being divested are:

  • New Albertson’s, Inc. (part of Albertsons Companies based in Idaho), purchasing 1 Giant Food store in Salisbury, Maryland;
  • Big Y (based in Massachusetts), purchasing 8 Hannaford stores in eastern Massachusetts;
  • Publix (based in Florida), purchasing 10 MARTIN’S stores in Richmond, Virginia;
  • Saubel’s Markets (based in Pennsylvania), purchasing 1 Food Lion store in York, Pennsylvania
  • Supervalu (based in Minnesota), purchasing 22 Food Lion stores in Maryland, Pennsylvania, Virginia and West Virginia;
  • Tops Markets (based in New York), purchasing 1 Stop & Shop store in Massachusetts as well as  3 Stop & Shop  stores and 2 Hannaford stores in New York; and
  • Weis Markets (based in Pennsylvania), purchasing 38 Food Lion stores in Delaware, Maryland and Virginia.

The divested stores are expected to be converted by the buyers to their new banners and re-opened as supermarkets after any remodeling planned by the buyers.

A full list of the locations being sold by both companies as part of this process is attached as an annex to this press release.

On June 24, 2015, Delhaize Group and Ahold announced their intention to merge. The shareholders’ meetings of both companies approved the merger in March 2016. The Belgian Competition Authority (BCA) granted its conditional approval for the merger in March 2016.  FTC clearance is the remaining regulatory approval requirement for the Ahold and Delhaize Group merger.

Please visit www.delhaizegroup.com, www.ahold.com, or www.adcombined.com for more information.

Delhaize Group 
Delhaize Group is a Belgian international food retailer present in seven countries on three continents. On March 31, 2016, Delhaize Group’s sales network consisted of 3,524 stores. In 2015, Delhaize Group posted €24.4 billion ($27.1 billion) in revenues and €366 million ($407 million) in net profit (Group share). At the end of 2015, Delhaize Group employed approximately 154,000 people. Delhaize Group’s stock is listed on NYSE Euronext Brussels (DELB) and the New York Stock Exchange (DEG).

This press release is available in English, French and Dutch. You can also find it on the website http://www.delhaizegroup.com. Questions can be sent to investor @delhaizegroup.com.

Contacts

Investor Relations: + 32 2 412 2151
Media Relations: + 32 2 412 8669
U.S. Media: Christy Phillips-Brown
+1-704-310-2221
Cphillips-brown@foodlion.com

Source: Delhaize Group

Delhaize Group and Ahold expect their merger to complete before the end of July 2016

BRUSSELS, Belgium, 2016-Jul-15 — /EPR Retail News/ — In the context of the intended merger between Delhaize Group and Ahold, the companies have confirmed today that they expect the merger to complete before the end of July, subject to regulatory approval by the Federal Trade Commission of the United States.

In addition, Ahold today provided further details on its €1 billion capital repayment and reverse stock split, which had been announced on June 24, 2015 and approved by Ahold’s shareholders on March 14, 2016. Please refer to Ahold’s press release of today for further details.

On June 24, 2015, Ahold and Delhaize announced their intention to merge. The shareholders’ meetings of both companies approved the merger in March 2016.The Belgian Competition Authority (BCA) granted its conditional approval for the merger in March 2016. FTC clearance is the final regulatory approval requirement for the merger to complete.

Please visit www.delhaizegroup.com, www.ahold.com, or www.adcombined.com for more information.

Delhaize Group

Delhaize Group is a Belgian international food retailer present in seven countries on three continents. On March 31, 2016, Delhaize Group’s sales network consisted of 3 524 stores. In 2015, Delhaize Group recorded €24.4 billion ($27.1 billion) in revenues and €366 million ($407 million) net profit (Group share). At the end of 2015, Delhaize Group employed approximately 154 000 people. Delhaize Group’s stock is listed on NYSE Euronext Brussels (DELB) and the New York Stock Exchange (DEG).

This press release is available in English, French and Dutch. You can also find it on the website http://www.delhaizegroup.com. Questions can be sent to investor@delhaizegroup.com.

Contacts

Investor Relations: + 32 2 412 2151
Media Relations: + 32 2 412 8669

Source: Delhaize Group

Ahold and Delhaize Group US subsidiaries to divest 86 stores in connection with US FTC pending review of their merger

Zaandam, the Netherlands, 2016-Jul-15 — /EPR Retail News/ — Ahold and Delhaize Group today announced that their United States subsidiaries have reached agreements with buyers to divest a total of 86 stores in a limited number of locations in which the companies’ U.S. subsidiaries both operate. These divestments are being made in connection with the United States Federal Trade Commission’s (FTC) pending review of the proposed merger between the two companies. The divested stores are being sold to well established supermarket operators.

All of the purchase agreements are subject to FTC approval. The agreements are also subject to FTC clearance and formal completion of the Ahold and Delhaize Group merger, which the companies continue to expect before the end of July.

Ahold CEO Dick Boer said: “The combination of Ahold and Delhaize Group is a unique opportunity to deliver even more for customers, associates and local communities. Together, Ahold and Delhaize Group have been working hard to resolve the competition concerns raised by the FTC, and we are pleased to have found strong, well established buyers for the stores we are required to divest. We deeply appreciate the long-time support of our customers and associates in these locations and are confident that the new owners will continue to serve local communities well.”

The buyers of the 86 stores being divested are:

• New Albertson’s, Inc. (part of Albertsons Companies based in Idaho) purchasing 1 Giant Food store in Salisbury, Maryland;
• Big Y (based in Massachusetts), purchasing 8 Hannaford stores in eastern Massachusetts;
• Publix (based in Florida), purchasing 10 MARTIN’S stores in Richmond, Virginia;
• Saubel’s Markets (based in Pennsylvania) purchasing 1 Food Lion store in York, Pennsylvania;
• Supervalu (based in Minnesota), purchasing 22 Food Lion stores in Maryland, Pennsylvania, Virginia and West Virginia;
• Tops Markets (based in New York), purchasing 1 Stop & Shop store in Massachusetts as well as 3 Stop & Shop stores and 2 Hannaford stores in New York; and
• Weis Markets (based in Pennsylvania), purchasing 38 Food Lion stores in Delaware, Maryland and Virginia.

The divested stores are expected to be converted by the buyers to their new banners and re-opened as supermarkets after any remodeling planned by the buyers.

A full list of the locations being sold by both companies as part of this process is attached as an annex to this press release.

On June 24, 2015, Ahold and Delhaize announced their intention to merge, creating an international retailer with a portfolio of strong, trusted local brands, more than 6,500 stores and over 375,000 associates. These brands serve more than 50 million customers every week in Europe and the United States.

FTC clearance is the remaining regulatory approval requirement for the Ahold and Delhaize Group merger. In March of this year, the Belgian Competition Authority (BCA) granted its conditional approval for the merger. Also in March, shareholders of both companies approved the merger with an overwhelming majority.

Please visit www.ahold.com, www.delhaizegroup.com or www.adcombined.com for more information.

Press release including store list
Read all about the intended merger

Cautionary notice
This press release includes forward-looking statements, which do not refer to historical facts but refer to expectations based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those included in such statements. These forward-looking statements include, but are not limited to, statements as to the divestment of stores and the conversion of the relevant stores to new banners, subject to FTC approval and the intention of Ahold and Delhaize Group to complete their merger before the end of July, subject to FTC clearance. These forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by the forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond Ahold’s ability to control or estimate precisely, such as discussed in Ahold’s public filings and other disclosures. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. Koninklijke Ahold N.V. does not assume any obligation to update any public information or forward-looking statements in this release to reflect subsequent events or circumstances, except as may be required by law. Outside the Netherlands, Koninklijke Ahold N.V., being its registered name, presents itself under the name of “Royal Ahold” or simply “Ahold.”

Contact details:

Royal Ahold
Provincialeweg 11
1506 MA Zaandam
The Netherlands
Phone: +31 88 659 9111

Source: Ahold

Delhaize Group and Ahold merger expect completion before the end of July

BRUSSELS, Belgium, 2016-Jul-14 — /EPR Retail News/ — Delhaize Group and Ahold today announced that their United States subsidiaries have reached agreements with buyers to divest a total of 86 stores in a limited number of locations in which the companies’ U.S. subsidiaries both operate. These divestments are being made in connection with the United States Federal Trade Commission’s (FTC) pending review of the proposed merger between the two companies. The divested stores are being sold to well-established supermarket operators.

All of the purchase agreements are subject to FTC approval. The agreements are also subject to FTC clearance and formal completion of the Delhaize Group and Ahold merger, which the companies continue to expect before the end of July.

These store locations represent 4.1% of the Ahold and Delhaize Group companies’ total combined U.S. store count and 3.2% of combined U.S. 2015 net sales.

“Selling stores is a difficult part of any merger process, given the impact on our associates, customers and communities in which we operate,” said Frans Muller, President and Chief Executive Officer, Delhaize Group. “We believe we have made every effort to identify strong buyers for these locations, and we want to thank our loyal associates and customers who have shopped our stores and supported us for so many years. Upon the completion of the merger, we will continue to maintain our local Food Lion and Hannaford brands; however, our new company scale will enable us to accelerate our local market strategies to better serve our customers with nearly 2,000 stores along the East Coast in the United States.”

The buyers of the 86 stores being divested are:

  • New Albertson’s, Inc. (part of Albertsons Companies based in Idaho), purchasing 1 Giant Food store in Salisbury, Maryland;
  • Big Y (based in Massachusetts), purchasing 8 Hannaford stores in eastern Massachusetts;
  • Publix (based in Florida), purchasing 10 MARTIN’S stores in Richmond, Virginia;
  • Saubel’s Markets (based in Pennsylvania), purchasing 1 Food Lion store in York, Pennsylvania
  • Supervalu (based in Minnesota), purchasing 22 Food Lion stores in Maryland, Pennsylvania, Virginia and West Virginia;
  • Tops Markets (based in New York), purchasing 1 Stop & Shop store in Massachusetts as well as  3 Stop & Shop  stores and 2 Hannaford stores in New York; and
  • Weis Markets (based in Pennsylvania), purchasing 38 Food Lion stores in Delaware, Maryland and Virginia.

The divested stores are expected to be converted by the buyers to their new banners and re-opened as supermarkets after any remodeling planned by the buyers.

A full list of the locations being sold by both companies as part of this process is attached as an annex to this press release.

On June 24, 2015, Delhaize Group and Ahold announced their intention to merge. The shareholders’ meetings of both companies approved the merger in March 2016. The Belgian Competition Authority (BCA) granted its conditional approval for the merger in March 2016.  FTC clearance is the remaining regulatory approval requirement for the Ahold and Delhaize Group merger.

Please visit www.delhaizegroup.com, www.ahold.com, or www.adcombined.com for more information.

Delhaize Group 
Delhaize Group is a Belgian international food retailer present in seven countries on three continents. On March 31, 2016, Delhaize Group’s sales network consisted of 3,524 stores. In 2015, Delhaize Group posted €24.4 billion ($27.1 billion) in revenues and €366 million ($407 million) in net profit (Group share). At the end of 2015, Delhaize Group employed approximately 154,000 people. Delhaize Group’s stock is listed on NYSE Euronext Brussels (DELB) and the New York Stock Exchange (DEG).

This press release is available in English, French and Dutch. You can also find it on the website http://www.delhaizegroup.com. Questions can be sent to investor@delhaizegroup.com.

Contacts:

Investor Relations: + 32 2 412 2151
Media Relations: + 32 2 412 8669
U.S. Media: Christy Phillips-Brown
+1-704-310-2221
Cphillips-brown@foodlion.com

Source: Delhaize Group

Delhaize Group discloses acquisition of treasury shares

BRUSSELS, Belgium, 2016-May-20 — /EPR Retail News/ — Delhaize Group discloses information with respect to the acquisition of treasury shares in accordance with Belgian law.

Delhaize Group has recently acquired 313 202 shares pursuant to a share buy-back program with a Belgian credit institution for the purchase of Delhaize Group shares in order to satisfy exercises of stock options:

Purchase date
Place of the transaction
Number of shares purchased
Average unit purchase price
(in €)
Lowest unit purchase price
(in €)
Highest unit purchase price
(in €)
May 9, 2016 Euronext Brussels  28 100  92.21  91.15  92.62
May 9, 2016 Chi-X  1 900  92.09  92.03  92.18
May 10, 2016 Euronext Brussels  56 274  92.88  92.07  93.74
May 10, 2016 Chi-X  3 420  92.72  92.36  93.23
May 11, 2016 Euronext Brussels  45 934  92.43  92.10  92.81
May 11, 2016 Chi-X  17 230  92.43  92.00  92.75
May 12, 2016 Euronext Brussels  48 145  92.77  91.48  93.60
May 12, 2016 Chi-X  14 075  92.73  91.57  93.60
May 13, 2016 Euronext Brussels  33 427  93.33  92.05  94.38
May 13, 2016 Chi-X  1 537  92.21  92.15  92.32
May 16, 2016 Euronext Brussels  41 251  92.41  92.22  93.80
May 16, 2016 Chi-X  21 909  92.38  92.24  93.41

More information on the company’s share buyback program can be found on the website www.delhaizegroup.com.

» Delhaize Group

Delhaize Group is a Belgian international food retailer present in seven countries on three continents. At the end of 2015, Delhaize Group’s sales network consisted of 3 512 stores. In 2015, Delhaize Group posted €24.4 billion ($27.1 billion) in revenues. In 2015, Delhaize Group posted €366 million ($407 million) in net profit (Group share). At the end of 2015, Delhaize Group employed approximately 154 000 people. Delhaize Group’s stock is listed on NYSE Euronext Brussels (DELB) and the New York Stock Exchange (DEG).

This press release is available in English, French and Dutch. You can also find it on the website http://www.delhaizegroup.com. Questions can be sent to investor@delhaizegroup.com.

» Contacts

Investor Relations: + 32 2 412 2151
Media Relations: + 32 2 412 8669

Delhaize Group to announce its 2016 first quarter results ended March 31, 2016 n Wednesday April 27, 2016

Brussels, Belgium, 2016-Apr-21 — /EPR Retail News/ — Delhaize Group will announce its 2016 first quarter results (ended March 31, 2016) on Wednesday April 27, 2016 at 7:00 a.m. CET. The press release will be available on Delhaize Group’s website (www.delhaizegroup.com) immediately after its publication.

Frans Muller, CEO, and Pierre Bouchut, CFO, will discuss the 2016 first quarter results during an investor conference call that will start at 09:00 a.m. CET on April 27, 2016. To participate in the conference call, please call +44 (0)20 3427 1908 (U.K.), +1 718 354 1157 (U.S.) or +32 2 404 0662 (Belgium), with “Delhaize” as password.

The conference call will also be broadcast live over the internet on April 27, 2016 at 09:00 a.m. CET at www.delhaizegroup.com. An audio replay of this webcast will be available at the same website starting at 12:00 p.m. CET on April 27, 2016.

» Delhaize Group

Delhaize Group is a Belgian international food retailer present in seven countries on three continents. At the end of 2015, Delhaize Group’s sales network consisted of 3 512 stores. In 2015, Delhaize Group recorded €24.4 billion ($27.1 billion) in revenues and €366 million ($407 million) net profit (Group share). At the end of 2015, Delhaize Group employed approximately 154 000 people. Delhaize Group’s stock is listed on NYSE Euronext Brussels (DELB) and the New York Stock Exchange (DEG).

» Contacts

Investor Relations: + 32 2 412 2151
Media Relations: + 32 2 412 8669

Delhaize Group announces its 2015 Annual and Sustainability Progress Reports

Brussels, Belgium, 2016-Apr-21 — /EPR Retail News/ — Delhaize Group announces the publication of its 2015 Annual Report and its 2015 Sustainability Progress Report. The reports are available online at https://annualreport.delhaizegroup.com/and at https://sustainabilityreport.delhaizegroup.com/.

The Delhaize Group 2015 Annual Report highlights the Group’s accomplishments over the last year, with a focus on customer centricity. The report includes the following sections:

  • key financial figures and an interview with Mats Jansson, Chairman of the Board of Directors, and Frans Muller, President and Chief Executive Officer;
  • an overview of the Group’s Strategic Framework;
  • a performance section that includes Delhaize Group’s global operations, as well as details on each operating company;
  • corporate governance, including remuneration;
  • financial statements and notes.

“Our Annual Report highlights our solid 2015 performance and underscores our continuous commitment to customers, ensuring that they remain at the center of everything we do,” said Frans Muller, President and Chief Executive Officer of Delhaize Group.

The 2015 Sustainability Progress Report shows progress toward “Supergood,” the Group’s ambition to be a sustainability leader in all its local markets by 2020. The report features program highlights and progress against targets for each of the Group’s operating companies towards our 10-year Supergood goal. Six case studies illustrate specific projects and accomplishments in all seven countries of operation.

“Our financial performance goes hand-in-hand with our sustainability targets,” Muller said. “Those efforts contribute directly to a more efficient company.”

The Group’s work around sustainable seafood is one of the various points of pride. “As of the end of 2015, 87 percent of our private brand seafood sales – fresh, frozen and canned – are coming from sustainable sources,” Muller said.

Among the sustainability achievements in 2015 across the organization were:

Independent recognition
• Inclusion in the Dow Jones Sustainability World and Europe Indices

Responsible products
• 87 percent of private brand seafood sales come from sustainable sources
• 40 percent increase in sales from organic products since 2014
• 100 percent palm oil used in private brand products is covered by an RSPO (Roundtable on Sustainable Palm Oil) certification system

Waste reduction
• 60 percent of total waste recycled (diverted from landfills or incinerators)

Climate action
• 13 percent decrease in CO2 emissions per sales area since 2008
• 74 stores with low carbon refrigeration systems

Hunger relief
• 51 percent of stores and warehouses regularly donating unsold food to local charities

Health and wellbeing
• 37 percent of private brand products sold at Delhaize America earn at least one Guiding Star
• 141 wellbeing events for associates held across the Group

Diversity and inclusion
• 100 percent score earned by Delhaize America on the Human Rights Campaign’s Corporate Equality Index for fifth straight year

Marc Croonen, Delhaize Group’s Chief Human Resources Officer and EVP of Sustainability, says the 2015 report details significant progress. “We’re proud of what we have accomplished over the past five years on our journey to Supergood,” Croonen said. “Associates across the company, along with community partners on three continents, are collaborating to make our business more sustainable every step of the way.”

Read the full 2015 annual and sustainability reports online here:

https://annualreport.delhaizegroup.com/

https://sustainabilityreport.delhaizegroup.com/

Questions regarding the Group’s sustainability can be sent to sustainability@delhaizegroup.com.

» Contacts

Investor Relations: + 32 2 412 2151
Media Relations: + 32 2 412 8669

Ahold and Delhaize Group announce Extraordinary General Meetings on March 14, 2016

Zaandam, the Netherlands, 2016-Feb-03 — /EPR Retail News/ —  Ahold and Delhaize Group today announced that they have called Extraordinary General Meetings (EGM) for March 14, 2016 at which their respective shareholders will consider and vote on the proposal to approve the companies’ intended merger.

Ahold’s EGM will be held at Amsterdam RAI on March 14, 2016 at 14:00 hours CET. The Delhaize Group EGM will be held at the Proximus Lounge in Brussels on March 14, 2016 at 14.00 hours CET.

The EGM convocation documents and related materials have been published by Ahold and Delhaize on their respective websites at www.ahold.com and www.delhaizegroup.com.

Today, Ahold has also made publicly available the prospectus included in its F-4 registration statement, which has now been declared effective by the U.S. Securities and Exchange Commission (SEC), and its approved EU prospectus. These are required steps in the process of completing their merger. The prospectus in Ahold’s F-4 registration statement as well as the EU prospectus are available on Ahold’s and Delhaize’s respective websites.

Ahold’s F-4’s registration statement is a document required under U.S. law in connection with the intended merger between Ahold and Delhaize and, as part of the merger, the issuance of Ahold shares to holders of Delhaize ordinary shares and Delhaize American Depositary Shares in exchange for these securities.

The EU prospectus is required in connection with the admission to listing and trading of the Ahold ordinary shares on Euronext Brussels and the Ahold ordinary shares to be issued as part of the merger on Euronext Amsterdam.

On June 24, 2015, Ahold and Delhaize announced their intention to merge, creating an international retailer with more than 6,500 stores. The combined company, Ahold Delhaize, will bring together a portfolio of strong, trusted local brands and more than 375,000 associates serving more than 50 million customers each week in the United States and Europe.

Through its local brands, Ahold Delhaize will offer enhanced choice and value for customers, provide more compelling opportunities for associates and contribute even more to the local communities it serves. Additional information related to the merger is available at www.adcombined.com.

The transaction is expected to be completed in mid-2016, following associate consultation procedures, shareholder approval and regulatory clearances.

EGM 2016

Prospectus

Demerger

Read all about the Intended Merger

Cautionary notice

NO OFFER OR SOLICITATION
This communication is being made in connection with the proposed business combination transaction between Koninklijke Ahold N.V. also known as Royal Ahold (“Ahold”), and Delhaize Group NV/SA (“Delhaize”). This communication is not intended to and does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy or an invitation to purchase or
subscribe for any securities or the solicitation of any vote or approval in any jurisdiction in connection with the proposed transaction or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, and applicable Dutch, Belgian and other European regulations. This communication is not for release, publication or distribution, in whole or in part, in or into, directly or indirectly, any jurisdiction in which such release, publication or distribution would be unlawful.

IMPORTANT ADDITIONAL INFORMATION FILED AND TO BE FILED WITH THE SEC
In connection with the proposed transaction, Ahold has filed with the U.S. Securities and Exchange Commission (the “SEC”) a registration statement on Form F-4, which includes a prospectus. On January 28, 2016, the SEC declared the registration statement effective, and the prospectus will be mailed to the holders of American Depositary Shares of Delhaize and holders of ordinary shares of Delhaize (other than holders of ordinary shares of Delhaize who are non-U.S. persons (as defined in the applicable rules of the SEC)). INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PROSPECTUS AND OTHER RELEVANT DOCUMENTS FILED OR TO BE FILED WITH THE SEC CAREFULLY WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT AHOLD, DELHAIZE, THE TRANSACTION AND RELATED MATTERS. Investors and security holders are able to obtain free copies of the prospectus and other documents filed with the SEC by Ahold and Delhaize through the website maintained by the SEC at www.sec.gov. In addition, investors and security holders are able to obtain free copies of the prospectus and other documents filed by Ahold with the SEC by contacting Ahold Investor Relations at investor.relations@ahold.com or by calling +31 88 659 5213, and are able to obtain free copies of the prospectus and other documents filed by Delhaize by contacting Investor Relations Delhaize Group at Investor@delhaizegroup.com or by calling +32 2 412 2151.

Proposed Executive Committee of Ahold Delhaize

Zaandam, the Netherlands, 2015-11-16 — /EPR Retail News/ — Ahold and Delhaize Group today announced the proposed Executive Committee of Ahold Delhaize, effective upon completion of the proposed merger of the two companies.

The future Executive Committee will be comprised of the Management Board members as announced on June 24, 2015, and will be supplemented by the following four members, in alphabetical order, who will report directly to the Ahold Delhaize CEO:

• Marc Croonen, Chief Sustainability, Transformation & Communications Officer
• Hanneke Faber, Chief E-Commerce & Innovation Officer
• Jan Ernst de Groot, Chief Legal Officer
• Abbe Luersman, Chief Human Resources Officer

Ahold and Delhaize Group have created two new important roles in the future Executive Committee to help shape and drive the company’s ambitions as a responsible and innovative retailer: Chief Sustainability, Transformation & Communications Officer and Chief E-Commerce & Innovation Officer. At the level of the Supervisory Board, these areas will be overseen by a Sustainability and Innovation Committee.

As announced, the proposed Ahold Delhaize Management Board consists of CEO Dick Boer, Deputy CEO and Chief Integration Officer Frans Muller, CFO Jeff Carr, COO Europe Pierre Bouchut, COO USA Kevin Holt, and COO USA James McCann.

The Management Board will be responsible for the overall management and decision-making of the new company and will have fiduciary responsibility towards the Supervisory Board and shareholders. The future Executive Committee will be charged with the day-to-day management of the company. With a strong and balanced leadership team with representation from both companies, it exhibits the right combination of functional capabilities and retail experience to steer a company that will greatly expand its reach to deliver even more for the customers and communities it serves. The team will be well-positioned to drive and support integration, while managing the businesses for continued customer service and commercial success.

On June 24, 2015, Ahold and Delhaize announced their intention to merge, creating an international retailer with a portfolio of strong, trusted local brands with more than 375,000 associates serving more than 50 million customers every week in the United States and Europe.

Ahold and Delhaize remain on track to complete their proposed merger by mid-2016. The appointment of the future Management Board members and other important elements of the merger are subject to shareholder approval and regulatory clearance as well as other customary conditions. More information can be found at www.adcombined.com.

Cautionary notice

NO OFFER OR SOLICITATION
This communication is being made in connection with the proposed business combination transaction between Koninklijke Ahold N.V. also known as Royal Ahold (“Ahold”) and Delhaize Group NV/SA (“Delhaize”). This communication is not intended to and does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy or an invitation to purchase or subscribe for any securities or the solicitation of any vote or approval in any jurisdiction in connection with the proposed transaction or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, and applicable Dutch, Belgian and other European regulations. This communication is not for release, publication or distribution, in whole or in part, in or into, directly or indirectly, any jurisdiction in which such release, publication or distribution would be unlawful.

IMPORTANT ADDITIONAL INFORMATION WILL BE FILED WITH THE SEC
In connection with the proposed transaction, Ahold will file with the U.S. Securities and Exchange Commission (the “SEC”) a registration statement on Form F-4 that will include a prospectus. The prospectus will be mailed to the holders of American Depositary Shares of Delhaize and holders of ordinary shares of Delhaize (other than holders of ordinary shares of Delhaize that are non-U.S. persons (as defined in the applicable rules of the SEC)). INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PROSPECTUS AND OTHER RELEVANT DOCUMENTS FILED OR TO BE FILED WITH THE SEC CAREFULLY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT AHOLD, DELHAIZE, THE TRANSACTION AND RELATED MATTERS. Investors and security holders will be able to obtain free copies of the prospectus and other documents filed with the SEC by Ahold and Delhaize through the website maintained by the SEC at www.sec.gov. In addition, investors and security holders will be able to obtain free copies of the prospectus and other documents filed by Ahold with the SEC by contacting Ahold Investor Relations at investor.relations@ahold.com or by calling +31 88 659 5213, and will be able to obtain free copies of the prospectus and other documents filed by Delhaize by contacting Investor Relations Delhaize Group at Investor@delhaizegroup.com or by calling +32 2 412 2151.

FORWARD-LOOKING STATEMENTS
This communication contains forward-looking statements, which do not refer to historical facts but refer to expectations based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially from those included in such statements. These statements or disclosures may discuss goals, intentions and expectations as to future trends, plans, events, results of operations or financial condition, or state other information relating to Ahold, based on current beliefs of management as well as assumptions made by, and information currently available to, management. Forward-looking statements generally will be accompanied by words such as “anticipate,” “believe,” “plan,” “could,” “estimate,” “expect,” “forecast,” “guidance,” “intend,” “may,” “possible,” “potential,” “predict,” “project” or other similar words, phrases or expressions. Many of these risks and uncertainties relate to factors that are beyond Ahold’s control. Therefore, investors and shareholders should not place undue reliance on such statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to: the occurrence of any change, event or development that could give rise to the termination of the merger agreement; the ability to obtain the approval of the transaction by Ahold’s and Delhaize’s shareholders; the risk that the necessary regulatory approvals may not be obtained or may be obtained subject to conditions that are not anticipated; failure to satisfy other closing conditions with respect to the transaction on the proposed terms and timeframe; the possibility that the transaction does not close when expected or at all; the risks that the new businesses will not be integrated successfully or promptly or that the combined company will not realize the expected benefits from the transaction; Ahold’s ability to successfully implement and complete its plans and strategies and to meet its targets; risks related to disruption of management time from ongoing business operations due to the proposed transaction; the benefits from Ahold’s plans and strategies being less than anticipated; the effect of the announcement or completion of the proposed transaction on the ability of Ahold to retain customers and retain and hire key personnel, maintain relationships with suppliers, and on their operating results and businesses generally; litigation relating to the transaction; the effect of general economic or political conditions; Ahold’s ability to retain and attract employees who are integral to the success of the business; business and IT continuity, collective bargaining, distinctiveness, competitive advantage and economic conditions; information security, legislative and regulatory environment and litigation risks; and product safety, pension plan funding, strategic projects, responsible retailing, insurance and unforeseen tax liabilities. The foregoing list of factors is not exhaustive. Forward-looking statements speak only as of the date they are made. Ahold does not assume any obligation to update any public information or forward-looking statement in this communication to reflect events or circumstances after the date of this communication, except as may be required by applicable laws.

SOURCE: AHOLD

Delhaize Group CEO Frans Muller on Group’s 3Q 2015 results: We continue to report robust sales in this third quarter

Financial Summary Third Quarter 2015
» Revenue growth of 2.3% at identical exchange rates
» Comparable store sales growth of 1.7% (or 4.1% excluding the positive impact from strikes at a competitor last year) in the U.S., 1.7% in Belgium and 5.1% in Southeastern Europe
» Group underlying operating profit of €218 million, underlying operating margin of 3.5% (4.2% in the U.S., 1.4% in Belgium, 4.5% in Southeastern Europe)
Highlights
» 162 Food Lion stores relaunched under the “Easy, Fresh & Affordable” strategy on October 14, 2015 in Raleigh, North Carolina

 »  CEO Comments

BRUSSELS, Belgium, 2015-10-29 — /EPR Retail News/ — Frans Muller, President and Chief Executive Officer of Delhaize Group, commented: “We continue to report robust sales in this third quarter. At Delhaize America, while our revenue growth was driven by Food Lion, Hannaford also posted positive volume growth once adjusted for the competitive turmoil of last summer. We made significant progress with our key strategic initiative ‘Easy, Fresh & Affordable´ at Food Lion by further fine-tuning Wilmington and Greenville, relaunching 162 stores in the Raleigh market two weeks ago and preparing for our next market in 2016.”

“Our return to positive comparable store sales growth in Belgium is just a first step as we are putting our operations back onto a path of sustainable growth. During the third quarter, our stores were impacted by significant changes as a result of the agreed departure of many employees. We have started the roll-out of our new store organisation which will be implemented in 53 stores by mid-November. In Southeastern Europe, we continued to benefit from a strong summer in our Greek operations, excellent momentum in Romania, and Serbia also posted good comparable store sales growth.”

“We are looking forward to the important fourth quarter of the year and we are confident that we will deliver results and free cash flow in line with expectations. At the same time, we continue to make progress with the proposed merger with Ahold and we are on track to complete the transaction by mid-2016.”

FULL RESULTS

SOURCE:  Delhaize Group SA

Delhaize Group to announce its third quarter 2015 results on Thursday October 29, 2015

BRUSSELS, Belgium, 2015-10-19 — /EPR Retail News/ — Delhaize Group will announce its third quarter 2015 results (ended September 30, 2015) on Thursday October 29, 2015 at 7:00 a.m. CET. The press release will be available on Delhaize Group’s website (www.delhaizegroup.com) immediately after its publication.

Frans Muller, CEO, and Pierre Bouchut, CFO, will discuss the third quarter 2015 results during an investor conference call that will start at 09:00 a.m. CET on October 29, 2015. To participate in the conference call, please call +44 (0)20 3427 1906 (U.K.), +1 212 444 0481 (U.S.) or +32 2 402 3092 (Belgium), with “Delhaize” as password.

The conference call will also be broadcast live over the internet on October 29, 2015 at 09:00 a.m. CET at www.delhaizegroup.com. An audio replay of this webcast will be available at the same website starting at 12:00 p.m. CET on October 29, 2015.

» Delhaize Group

Delhaize Group is a Belgian international food retailer present in seven countries on three continents. At the end of the second quarter of 2015, Delhaize Group’s sales network consisted of 3 445 stores. In 2014, Delhaize Group recorded €21.4 billion ($28.4 billion) in revenues and €89 million ($118 million) in net profit (Group share). At the end of 2014, Delhaize Group employed approximately 150 000 people. Delhaize Group’s stock is listed on NYSE Euronext Brussels (DELB) and the New York Stock Exchange (DEG).

» Contacts

Investor Relations: + 32 2 412 2151
Media Relations: + 32 2 412 8669

Delhaize Group one of only three retailers in Europe included in DJSI for the Food and Staples Retailing sector

Inclusion in the DJSI confirms Delhaize Group’s leadership in the Food and Staples Retailing Sector.

BRUSSELS, Belgium, 2015-9-11 — /EPR Retail News/ — Delhaize Group is proud to announce its inclusion in the 2015 Dow Jones Sustainability Index (DJSI), a leading benchmark for investors who integrate sustainability considerations into their portfolios.

The Belgian international supermarket operator is one of only four retailers in the world and one of only three retailers in Europe to be included in the DJSI for the Food and Staples Retailing sector. The Group received a total score of 73, well above the industry median score of 43.  Performance of Delhaize Group was well-balanced between the three dimensions: economic, environmental and social.

“This is an outstanding achievement that reflects our ongoing commitment to be a sustainability leader in all of our markets,” said Frans Muller, Delhaize Group President and CEO. “We are particularly proud that we achieved strong results in all categories, especially related to our strategic focus areas of sustainable private brand sourcing and zero waste. Our score reflects the significant efforts and investments made by the Group and our 150 000 associates worldwide.”

Frans Muller noted that the Group’s 2020 “Supergood” Ambition is a key lever of the Strategic Framework, the overarching guiding principles that the company introduced last year.

“Our progress over the last year has clearly been recognized by the DJSI assessment. We moved closer to our 2020 goals, and further embedded sustainable business practices by establishing more specific and more measurable targets that help us improve and build on our sustainability performance,” he said. “We thank all of our associates and business partners for their dedication and support.”

For more information about Delhaize Group’s sustainability performance, please visit http://sustainabilityreport.delhaizegroup.com/.

» Delhaize Group
 Delhaize Group is a Belgian international food retailer present in seven countries on three continents. At the end of the second quarter of 2015, Delhaize Group’s sales network consisted of 3 445 stores. In 2014, Delhaize Group recorded €21.4 billion ($28.4 billion) in revenues and €89 million ($118 million) in net profit (Group share). At the end of 2014, Delhaize Group employed approximately 150 000 people. Delhaize Group’s stock is listed on NYSE Euronext Brussels (DELB) and the New York Stock Exchange (DEG).

This press release is available in English, French and Dutch. You can also find it on the website http://www.delhaizegroup.com. Questions can be sent to sustainability@delhaizegroup.com.

 

» Contacts

Media Relations: + 32 2 412 8669
Investor Relations: + 32 2 412 2151
» Dow Jones Sustainability World Index
The Dow Jones Sustainability World Index (DJSI World) tracks the performance of the top 10% per industry of the 2500 largest companies in the S&P Global Broad Market Index that lead the field in terms of sustainability. These 2500 companies represent the eligible universe for the DJSI World and are assessed using the Corporate Sustainability Assessment (CSA) on an annual basis.

The DJSI press release on the 2015 results can be found here:

http://www.sustainability-indices.com/images/150910-djsi-review-2015-en-vdef.pdf

Davidson Kempner European Partners LLP now owns 3.50% of Delhaize Group’s voting rights

BRUSSELS, Belgium, 2015-8-12— /EPR Retail News/ — Pursuant to the Belgian Law of May 2, 2007 relating to the publication of major shareholdings in listed companies, Delhaize Group (Euronext Brussels: DELB – NYSE: DEG), has received a notification of the threshold 3% being crossed by Davidson Kempner European Partners LLP which owned 3.50% of Delhaize Group’s voting rights as of August 3, 2015.

On August 7, 2015, Simmons & Simmons LLP notified Delhaize Group that as of August 3, 2015 Davidson Kempner European Partners LLP owned 3 627 706 Delhaize Group shares, representing 3.50% of its voting rights. The denominator is 103 766 860 shares.

According to the notification that Delhaize Group received from Simmons & Simmons LLP on August 7, 2015, Davidson Kempner European Partners LLP is controlled by Davidson Kempner Capital Management LP.

The notification is available on our website under the section Corporate Governance.

Delhaize Group
Delhaize Group is a Belgian international food retailer present in seven countries on three continents. At the end of the second quarter of 2015, Delhaize Group’s sales network consisted of 3 445 stores. In 2014, Delhaize Group recorded €21.4 billion ($28.4 billion) in revenues and €89 million ($118 million) in net profit (Group share). At the end of 2014, Delhaize Group employed approximately 150 000 people. Delhaize Group’s stock is listed on NYSE Euronext Brussels (DELB) and the New York Stock Exchange (DEG).

This press release is available in English, French and Dutch. You can also find it on the website http://www.delhaizegroup.com. Questions can be sent to investor@delhaizegroup.com.

Contacts
Investor Relations: + 32 2 412 2151
Media Relations: + 32 2 412 8669

Leading international food retailers Delhaize Group and Royal Ahold N.V. announced that they have entered into an agreement to merge

  • Ahold and Delhaize announce this morning their intention to combine their businesses through a merger of equals
  • The merger will create a complementary base of more than 6,500 stores with 375,000 associates, characterized by trusted brands with strong local identities
  • The combination, Ahold Delhaize, will be able to serve over 50 million(1) customers per week in the United States and in Europe
  • Ahold Delhaize will accelerate innovation, bringing together both companies’ expertise to deliver increased value and choice for customers across its supermarket formats and online platforms
  • The combination will bring together banners offering associates even better places to work, built on similar values and heritage
  • Mats Jansson, Chairman of Delhaize Group, will become Chairman of Ahold Delhaize. Jan Hommen, Chairman of Royal Ahold, and Jacques de Vaucleroy, Delhaize Group Director, will become Vice Chairmen of Ahold Delhaize
  • Dick Boer, Chief Executive Officer of Royal Ahold, will become Chief Executive Officer. Frans Muller, Chief Executive Officer of Delhaize Group, will become Deputy Chief Executive Officer and Chief Integration Officer
  • The transaction will create significant value, with anticipated run-rate synergies of €500 million per year to be fully realized in the third year after completion
  • Both companies are highly cash generative which will allow Ahold Delhaize to invest in future growth and deliver attractive returns to shareholders
  • Ahold and Delhaize businesses reported aggregated net sales of €54.1 billion, adjusted EBITDA of €3.5 billion, net income from continued operations of €1.0 billion and free cash flow of €1.8 billion in 2014(1)
  • Ahold will terminate its ongoing share buyback program; €1 billion will be returned to Ahold shareholders via a capital return and a reverse stock split prior to completion of the transaction
  • At completion, Delhaize shareholders will receive 4.75 Ahold ordinary shares for each Delhaize ordinary share. Ahold shareholders will own c. 61% of the combined company’s equity and Delhaize shareholders will own c. 39% of the combined company’s equity
  • The transaction is expected to be completed mid-2016, following regulatory clearances, associated consultation procedures and shareholder approval
  • The Executive Committee and Board of Directors of Delhaize as well as Management and Supervisory Boards of Ahold unanimously support and recommend the transaction

Brussels, Belgium and Zaandam, the Netherlands, 2015-6-26 — /EPR Retail News/ — Leading international food retailers Delhaize Group (Delhaize) and Koninklijke Ahold N.V. (Ahold) today announced that they have entered into an agreement to merge. The combined company, which will be named Ahold Delhaize, will have a portfolio of strong, trusted local brands with more than 375,000 associates serving more than 50 million customers every week in the United States and Europe. The company will have enhanced scale across regions, market-leading retail offerings to serve customers’ changing needs, and a strong financial profile from which to fund innovation and investments in future growth. Ahold Delhaize will capitalize on the strong heritage and values of both companies, as well as complementary cultures, neighboring geographies, and the impact of combining successful sustainability programs.

Jan Hommen, Chairman of Ahold, and Mats Jansson, Chairman of Delhaize, said:“This is a true merger of equals, combining two highly complementary businesses to create a world-leading food retailer. The transaction delivers a compelling value proposition for our shareholders, a superior offering for our customers and attractive opportunities for our associates.”

Frans Muller, CEO of Delhaize, said: “We believe that the proposed merger of Ahold and Delhaize will create significant value for all our stakeholders. Supported by our talented and committed associates, Ahold Delhaize aims to increase relevance in its local communities by improving the value proposition for its customers through assortment innovation and merchandising, a better shopping experience both in stores and online, investments in value, and new store growth. We look forward to working closely with the Ahold team to implement a smooth integration process and realize the targeted synergies.”

Dick Boer, CEO of Ahold, said: “The proposed merger with Delhaize is an exciting opportunity to create an even stronger and more innovative retail leader for our customers, associates and shareholders worldwide. With extraordinary reach, diverse products and formats, and great people, we are bringing together two world-class organizations to deliver even more for the communities we serve. Our companies share common values, proud histories rooted in family entrepreneurship, and businesses that complement each other well. We look forward to working together to reach new levels of service and success.”

(1) These figures are an aggregation of the reported data of Ahold and Delhaize without any pro forma adjustments. They exclude joint ventures in Portugal and Indonesia.

Transaction website

Please visit www.adcombined.com for additional material on today’s announcement.

Investor conference call

A conference call will take place today at 09.00 CEST to discuss this morning’s announcement. If you wish to join, please dial one of the following numbers:
From Brussels: +32(0)2 404 0660
From the Netherlands: +31(0)20 716 8256
From the US: +1 212 444 0895 or +1 877 280 1254
From the UK: +44(0)20 3427 1904
Confirmation code: 1225825

The presentation slides will be available from the transaction website at www.adcombined.com. The presentation slides may be downloaded before the start of the conference call from the website at www.adcombined.com.

A recording of the conference call will also be available from today on the website at www.adcombined.com.

Press conference

A press conference will also take place today at 12.00 CEST at the Business Faculty Brussels, St. Lendriksborre 6 Font Saint Landry, 1120 Brussels.

It will be simultaneously webcast on www.adcombined.com and available to view thereafter.

For more information

Delhaize Group
Investor relations contacts
Frederic van Daele
+32 2 412 2151

Aurélie Bultynck
+32 2 412 2151

Media contacts
Nicolas van Hoecke
+32 2 412 8669

Royal Ahold N.V.
Investor relations contacts
Henk Jan ten Brinke
+31 88 659 5213

Media contacts
Tim van der Zanden
+31 88 659 5134

 

To read the full press release, please click here

Delhaize Group confirms preliminary merger discussions with Royal Ahold N.V.

BRUSSELS, BELGIUM, 2015-5-12 — /EPR Retail News/ — Delhaize Group confirmed today that it has entered into preliminary discussions with Royal Ahold N.V. to explore the opportunity of combining the two companies.

These discussions may or may not result in a future transaction. The company will communicate material updates, if any, in accordance with regulatory requirements.

» Delhaize Group

Delhaize Group is a Belgian international food retailer present in seven countries on three continents. At the end of March 2015, Delhaize Group’s sales network consisted of 3 410 stores. In 2014, Delhaize Group recorded €21.4 billion ($29.4 billion) in revenues and €89 million ($118 million) net profit (Group share). At the end of 2014, Delhaize Group employed approximately 150 000 people. Delhaize Group’s stock is listed on NYSE Euronext Brussels (DELB) and the New York Stock Exchange (DEG).

This press release is available in English, French and Dutch. You can also find it on the website http://www.delhaizegroup.com. Questions can be sent to investor@delhaizegroup.com.

» Contacts

Investor Relations: +32 2 412 21 51
Media Relations: +32 2 412 86 69

Delhaize Group publishes interactive Annual Report 2014 which outlines its accomplishments in 2014

Brussels, Belgium, 2015-4-22 — /EPR Retail News/ — Delhaize Group is pleased to announce the publication of the interactive Annual Report 2014 which outlines the Group’s accomplishments in 2014 and includes Delhaize Group’s financial statements.

The Annual Report includes the following sections:

  • An overview with key figures and an interview with Mats Jansson, Delhaize Group’s Chairman of the Board of Directors and Frans Muller, Delhaize Group’s President and Chief Executive Officer;
  • A strategy section which outlines the Group’s Strategic Framework and shows how the strategy provides a roadmap for how the Group delivers to customers and other key stakeholders;
  • A performance section which includes a segment overview and an overview of Delhaize Group’s global operations;
  • A corporate governance section, including remuneration report;
  • Financial statements and notes.

“Our Annual Report 2014 highlights our performance and underscores our commitment to deliver on our Purpose: to operate our customers’ preferred local supermarkets and work together to support that ambition.” stated Frans Muller, President and Chief Executive Officer of the Delhaize Group.

The report is available on the website http://annualreport.delhaizegroup.com/.

Delhaize Group
Delhaize Group is a Belgian international food retailer present in seven countries on three continents. At the end of 2014, Delhaize Group’s sales network consisted of 3 402 stores. In 2014, Delhaize Group recorded €21.4 billion ($29.4 billion) in revenues and €89 million ($118 million) net profit (Group share). At the end of 2014, Delhaize Group employed approximately 150 000 people. Delhaize Group’s stock is listed on NYSE Euronext Brussels (DELB) and the New York Stock Exchange (DEG).

This press release is available in English, French and Dutch. You can also find it on the website http://www.delhaizegroup.com. Questions can be sent to investor@delhaizegroup.com.

Contacts

Investor Relations: +32 2 412 21 51
Media Relations: +32 2 412 86 69

 

JPMorgan Asset Management Holdings now owns less than 3% of Delhaize Group’s voting rights

BRUSSELS, Belgium, 2015-4-22 — /EPR Retail News/ — Pursuant to the Belgian Law of May 2, 2007 relating to the publication of major shareholdings in listed companies, JPMorgan Asset Management Holdings Inc. notified Delhaize Group that the total shareholding of its subsidiaries crossed below the threshold of 3% of the shares issued by Delhaize Group SA on April 13, 2015.

On April 16, 2015, JPMorgan Asset Management Holdings Inc. notified Delhaize Group that as of April 13, 2015 JPMorgan Asset Management Holdings Inc. owned through its various subsidiaries less than 3% of Delhaize Group’s voting rights.

The notification is available on our internet website under the section Corporate Governance.

Delhaize Group
Delhaize Group is a Belgian international food retailer present in seven countries on three continents. At the end of 2014, Delhaize Group’s sales network consisted of 3 402 stores. In 2014, Delhaize Group recorded €21.4 billion ($28.4 billion) in revenues and €89 million ($118 million) net profit (Group share). At the end of 2014, Delhaize Group employed approximately 150 000 people. Delhaize Group’s stock is listed on NYSE Euronext Brussels (DELB) and the New York Stock Exchange (DEG).

This press release is available in English, French and Dutch. You can also find it on the website http://www.delhaizegroup.com. Questions can be sent to investor@delhaizegroup.com.

Contacts

Investor Relations: + 32 2 412 2151
Media Relations: + 32 2 412 8669

Delhaize Group to announce its first quarter 2015 results on April 29, 2015

BRUSSELS, Belgium, 2015-4-21 — /EPR Retail News/ — Delhaize Group will announce its first quarter 2015 results (ended March 31, 2015) on Wednesday April 29, 2015 at 7:00 a.m. CET. The press release will be available on Delhaize Group’s website (www.delhaizegroup.com) immediately after its publication.

Frans Muller, CEO, and Pierre Bouchut, CFO, will discuss the first quarter 2015 results during an investor conference call that will start at 09:00 a.m. CET on April 29, 2015. To participate in the conference call, please call + 44 (0)20 3427 1901 (U.K.), + 1 646 254 3361 (U.S.) or +32 2 402 3092 (Belgium), with “Delhaize” as password.

The conference call will also be broadcast live over the internet on April 29, 2015 at 09:00 a.m. CET at www.delhaizegroup.com. An audio replay of this webcast will be available at the same website starting at 12:00 p.m. CET on April 29, 2015.

»  Delhaize Group

Delhaize Group is a Belgian international food retailer present in seven countries on three continents. At the end of 2014, Delhaize Group’s sales network consisted of 3 402 stores. In 2014, Delhaize Group recorded €21.4 billion ($28.4 billion) in revenues and €89 million ($118 million) net profit (Group share). At the end of 2014, Delhaize Group employed approximately 150 000 people. Delhaize Group’s stock is listed on NYSE Euronext Brussels (DELB) and the New York Stock Exchange (DEG).

» Contacts

Investor Relations: + 32 2 412 2151
Media Relations: + 32 2 412 8669

Delhaize Group discloses information about the acquisition of treasury shares

BRUSSELS, Belgium, 2015-4-6 — /EPR Retail News/ — Delhaize Group discloses information with respect to the acquisition of treasury shares in accordance with Belgian law.

Delhaize Group has recently acquired the following number of shares on Euronext Brussels pursuant to a share buy-back program with a Belgian credit institution for the purchase of Delhaize Group shares in order to satisfy exercises of stock options:

Purchase date Number of shares purchased Average unit purchase price

(in €)

Lowest unit purchase price

(in €)

Highest unit purchase price

(in €)

March 25, 2015 110 000 84.18 83.87 84.85
March 26, 2015 50 000 82.59 82.16 83.27

More information on the company’s share buyback program can be found on the website www.delhaizegroup.com.

» Delhaize Group 

Delhaize Group is a Belgian international food retailer present in seven countries on three continents. At the end of 2014, Delhaize Group’s sales network consisted of 3 402 stores. In 2014, Delhaize Group recorded €21.4 billion ($28.4 billion) in revenues and €89 million ($118 million) net profit (Group share). At the end of 2014, Delhaize Group employed approximately 150 000 people. Delhaize Group’s stock is listed on NYSE Euronext Brussels (DELB) and the New York Stock Exchange (DEG).

This press release is available in English, French and Dutch. You can also find it on the website http://www.delhaizegroup.com. Questions can be sent to investor@delhaizegroup.com.

» Contacts

Investor Relations: + 32 2 412 2151

Media Relations: + 32 2 412 8669

Delhaize Group announces the nominations of Mrs. Dominique Leroy and Mr. Patrick De Maeseneire to become independent members of the Board of Directors

BRUSSELS, Belgium, 2015-4-6 — /EPR Retail News/ — Delhaize Group is pleased to announce the nominations of Mrs. Dominique Leroy and Mr. Patrick De Maeseneire to become independent members of the Board of Directors.

At the Ordinary Shareholders’ Meeting, to be held on May 28, 2015, the Board of Directors of Delhaize Group will propose the appointment of Mrs. Dominique Leroy and Mr. Patrick De Maeseneire as directors for a term of four years.

Mrs. Leroy has been Chief Executive Officer of Belgacom SA and member of the Board of Directors of Belgacom SA since January 2014. She began working at Belgacom as Vice President Sales for the Consumer division in October 2011. In June, 2012, Dominique Leroy held the position of Executive Vice President of the Consumer Business Unit of Belgacom and member of the Management Committee of Belgacom Group. Prior to Belgacom, Mrs. Leroy worked for 24 years at Unilever. She was Managing Director of Unilever Belux and member of Unilever’s Benelux management committee. She previously held various positions in marketing, finance and customer development.

Mrs. Leroy is independent Board Member at Lotus Bakeries. Mrs. Leroy holds a degree in Business Engineering from the Solvay Business School of Brussels University (ULB).

Mr. De Maeseneire has been Chief Executive Officer of Adecco S.A. since June 1, 2009.  Between 1998 and 2002, Mr. De Maeseneire held leading positions within the Adecco Group, starting as country manager for the Benelux region before leading the Adecco Group’s worldwide professional staffing business from New York. Mr. De Maeseneire started his professional carrier in 1980 at Arthur Andersen (Consulting). Between 1980 and 1997, he held executive positions at Wang, Apple Computer, Sun International and at the Belgian TV station VTM.  In 2002, Mr. De Maeseneire joined the chocolate manufacturer Barry Callebaut where he served as CEO until 2009, when he returned to Adecco as CEO.

Mr. De Maeseneire earned a Master’s degree in commercial engineering at the Solvay Business School of Brussels University (VUB), Belgium and a special license in marketing management at the Vlerick Leuven Gent Management School, Belgium. Mr. De Maeseneire also completed studies in business management at the London Business School and INSEAD, Fontainebleau, France.  In 2007, Mr. De Maeseneire was granted the title of Baron by King Albert II of Belgium.

» Delhaize Group
Delhaize Group is a Belgian international food retailer present in seven countries on three continents. At the end of 2014, Delhaize Group’s sales network consisted of 3 402 stores. In 2014, Delhaize Group recorded €21.4 billion ($29.4 billion) in revenues and €89 million ($118 million) net profit (Group share). At the end of 2014, Delhaize Group employed approximately 150 000 people. Delhaize Group’s stock is listed on NYSE Euronext Brussels (DELB) and the New York Stock Exchange (DEG).

This press release is available in English, French and Dutch. You can also find it on the website http://www.delhaizegroup.com. Questions can be sent to investor@delhaizegroup.com.

» Contacts

Investor Relations: +32 2 412 21 51
Media Relations: +32 2 412 86 69

ALDI completed its purchase of 66 real estate assets from the Delhaize Group

ALDI Grows Footprint in Pennsylvania and Southern New Jersey with plans to open ALDI stores at 30 former Bottom Dollar Food Locations

Batavia, Ill., 2015-3-30 — /EPR Retail News/ — ALDI, the nation’s low price grocery leader*, today announced it has completed its purchase of 66 real estate assets from the Delhaize Group. The transaction includes the land, buildings and leasehold improvements associated with Delhaize’s recently retired Bottom Dollar Food operation.

“ALDI has been offering fresh, affordable groceries in Pennsylvania and Southern New Jersey communities for 20 years. With the completion of this real estate transaction, we are able to ramp up our expansion plans in the region to meet the growing demand for the ALDI difference: highquality groceries at everyday low prices in an easy-to-shop store,” said Jason Hart, CEO, ALDI. “While we are excited to pursue opening ALDI stores at 30 of these locations, we will continue working with those communities where we will not be using the sites to ensure a smooth transition.”

In December 2013, ALDI embarked on an accelerated growth plan to open 650 new stores by the end of 2018, with the goal of operating nearly 2,000 stores across the country. ALDI also is planning to invest more than $3 billion to pay for land, facilities and equipment. When the expansion is complete, ALDI will have stores coast-to-coast and anticipates serving more than 45 million customers per month. The expansion is expected to create more than 10,000 new jobs at ALDI stores, warehouses and division offices.

“At ALDI, we are committed to being an employer of choice as we know the significant contributions that our people add to the business by providing excellent service day after day,” said Hart. “To attract and retain the best talent, we are proud to offer our employees generous compensation that is higher than those of other grocery retailers in the market. In addition, associates working at least 25 hours per week receive full health benefits, and all ALDI employees are invited to participate in our 401(k) program.”

Growth is accelerating at ALDI due to the appeal of its unique business model that lets smart shoppers save up to 50 percent** on more than 1,300 of the most commonly purchased grocery items, including more than 70 varieties of fresh fruits and vegetables, including organic produce. In fact, ALDI has been recognized as the nation’s low-price grocery leader for four consecutive years, as well as one of the top three favorite grocery store chains in America, according to consumer surveys* conducted by Market Force Information, Inc., the world’s leading customer intelligence solutions company.

“Not only are we growing our geographic footprint, but we’re expanding our product offerings as well. We continue to increase our healthy food and on-trend options, including fresh produce, USDA choice meats, dairy products and baked goods, along with our new SimplyNature line that includes several organic items, and our liveGfree line of gluten-free products,” added Hart. “With everything ALDI has to offer, it’s no surprise to us that more and more people are discovering that they don’t have to sacrifice quality and taste to save money by shopping at ALDI.”

ALDI generates savings for its customers through a low-overhead approach that focuses on offering high quality, premium products and includes cost-saving measures such as:

  • Volume purchasing: By concentrating its full buying power on 1,300 of the most commonly purchased grocery items in the most common size, ALDI secures sizable discounts.
  • Exclusive brand products: More than 90 percent of products at ALDI are their own exclusive brands rather than national brands.
    • In the ALDI Test Kitchen, ALDI ensures that its products meet or exceed the quality and taste of national name brands.
    • All ALDI food products are backed by the Double Guarantee. If for any reason a customer is not 100 percent satisfied with any ALDI food product, ALDI will gladly replace the product AND refund the purchase price.
  • Special Buys: Each week, ALDI offers 20-30 food and non-food products at a great value that include everything from small kitchen appliances and seasonal items to outdoor furniture and gardening tools.
  • No hidden costs: ALDI has a streamlined approach that avoids non-essential services such as banking, pharmacies, check cashing and bagging clerks. Those savings result in lower prices for consumers.

A list of the company’s intentions for each of the 66 real estate locations follows.

About ALDI Inc.
A leader in the grocery retailing industry, ALDI operates nearly 1,400 US stores in 32 states, primarily from Kansas to the East Coast. More than 30 million customers each month save up to 50 percent** on their grocery bills, benefiting from the ALDI simple and streamlined approach to retailing. ALDI sells more than 1,300 of the most frequently purchased grocery and household items, primarily under its exclusive brands, which must meet or exceed the national name brands on taste and quality. ALDI is so confident in the quality of its products, the company offers a Double Guarantee: If for any reason a customer is not 100 percent satisfied with any ALDI food product, ALDI will gladly replace the product and refund the purchase price. ALDI was named the 2014 Retailer of the Year by Store Brands Magazine for its strong commitment to value and innovation-focused private brand product development. For more information about ALDI, visit www.aldi.us.

 

###

*According to a survey of more than 6,000 consumers conducted in March 2014 by Market Force Information. **Based upon a price comparison of comparable products sold at leading national retail grocery stores.

Contacts: Julie Ketay
(312) 988-2294
jketay@webershandwick.com

Kathleen Gilgunn
(312) 988-2038
kgilgunn@webershandwick.com

Delhaize Group completes the sale of its Bottom Dollar Food store locations to ALDI Inc

BRUSSELS, Belgium, 2015-3-27 — /EPR Retail News/ — Delhaize Group announces that it has completed the sale of its Bottom Dollar Food store locations to ALDI Inc.

» Delhaize Group 

Delhaize Group is a Belgian international food retailer present in seven countries on three continents. At the end of 2014, Delhaize Group’s sales network consisted of 3 402 stores. In 2014, Delhaize Group recorded €21.4 billion ($28.4 billion) in revenues and €89 million ($118 million) net profit (Group share). At the end of 2014, Delhaize Group employed approximately 150 000 people. Delhaize Group’s stock is listed on NYSE Euronext Brussels (DELB) and the New York Stock Exchange (DEG).

This press release is available in English, French and Dutch. You can also find it on the website http://www.delhaizegroup.com. Questions can be sent to investor@delhaizegroup.com.

» Contacts

Investor Relations: + 32 2 412 2151
Media Relations: + 32 2 412 8669

Delhaize Group sets the threshold as from which a shareholding needs to be disclosed at 3%

BRUSSELS, Belgium, 2015-3-3 — /EPR Retail News/ — Delhaize Group 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 by employees.

Information as of February 27, 2015 :

  • Total outstanding capital: € 51 542 952.50
  • Total number of outstanding ordinary shares: 103 085 905
  • Total number of outstanding subscription rights (each right entitles the holder to subscribe to one new ordinary share): 2 313 860

Pursuant to Delhaize Group’s Articles of Association, the threshold as from which a shareholding needs to be disclosed has been set at 3%.

Notifications of important shareholdings to be made according to the Law of May 2, 2007 or Delhaize Group’s Articles of Association should be sent to investor@delhaizegroup.com.

» Delhaize Group

Delhaize Group is a Belgian international food retailer present in seven countries on three continents. At the end of 2014, Delhaize Group’s sales network consisted of 3 468 stores. In 2014, Delhaize Group posted €21.4 billion ($28.4 billion) in revenues. In 2013, Delhaize Group posted €179 million ($237 million) in net profit (Group share). At the end of 2014, Delhaize Group employed approximatively 152 000 people. Delhaize Group’s stock is listed on NYSE Euronext Brussels (DELB) and the New York Stock Exchange (DEG).

This press release is available in English, French and Dutch. You can also find it on the website http://www.delhaizegroup.com. Questions can be sent to investor@delhaizegroup.com.

» Contacts

Investor Relations: + 32 2 412 2151

Media Relations: + 32 2 412 8669

Delhaize Group Tender Offer final results: $170 million Principal Amount Tendered and Accepted

Brussels, Belgium, 2015-2-24 — /EPR Retail News/ — Delhaize Group (the “Company” or “Delhaize Group”) announced the final results of its previously announced offer (the “Maximum Tender Offer”) to purchase for cash up to the Maximum Tender Amount of its 4.125% Senior Notes due 2019 (the “2019 Notes”). The Maximum Tender Amount was $172 262 000.

The terms and conditions of the Maximum Tender Offer were described in the Offer to Purchase, dated January 27, 2015 (the “Offer to Purchase”).

The Maximum Tender Offer expired at 11:59 p.m., New York City time, on February 24, 2015 (the “Maximum Tender Expiration Time”). The table below identifies the principal amount of 2019 Notes validly tendered and not validly withdrawn prior to the Maximum Tender Expiration Time and the principal amount of 2019 Notes that Delhaize Group has accepted for purchase.

 

CUSIP No.
Title of Security
Principal Amount Outstanding(1)
Maximum
Tender Amount
Principal Amount Tendered(2)
Principal
Amount Accepted(2)
24668PAF4 4.125% Senior Notes due 2019 $300 000 000 $172 262 000 $170 088 000 $170 088 000

(1)   As of the commencement of the Maximum Tender Offer.

(2)   Includes $170 051 000 aggregate principal amount of 2019 Notes that were validly tendered and not validly withdrawn at or prior to 5:00 p.m., New York City time, on February 9, 2015 (the “Early Tender Time”) and accepted for purchase on the Maximum Tender Early Settlement Date.

All 2019 Notes tendered in the Maximum Tender Offer have been accepted for purchase.

J.P. Morgan Securities LLC acted as the dealer manager (the “Dealer Manager”) for the Maximum Tender Offer. The information and tender agent for the Maximum Tender Offer (the “Information and Tender Agent”) was D.F. King & Co., Inc. Questions regarding the Maximum Tender Offer should be directed to J.P. Morgan Securities LLC, Liability Management Group at (800) 834 4666 (toll-free) or (212) 834-3424 (collect).

Capitalized terms used but not defined in this announcement have the meanings given to them in the Offer to Purchase.

» Delhaize Group
Delhaize Group is a Belgian international food retailer present in seven countries on three continents. At the end of 2014, Delhaize Group’s sales network consisted of 3 468 stores. At the end of 2014, Delhaize Group employed approximately 152 000 people. Delhaize Group’s stock is listed on NYSE Euronext Brussels (DELB) and the New York Stock Exchange (DEG).

This press release is available in English, French and Dutch. You can also find it on the website http://www.delhaizegroup.com. Questions can be sent to investor@delhaizegroup.com.

» Offer and Distribution Restrictions
This press release is neither an offer to purchase nor a solicitation to buy any of the 2019 Notes nor is it a solicitation for acceptance of the Maximum Tender Offer. Delhaize Group made the Maximum Tender Offer only by, and pursuant to the terms of, the Offer to Purchase.

The distribution of this press release in certain jurisdictions may be restricted by law. Persons into whose possession this press release comes are required by each of the Company, the Dealer Manager and the Information and Tender Agent to inform themselves about and to observe any such restrictions.

» Contacts
Investor Relations: + 32 2 412 2151
Media Relations: + 32 2 412 8669

CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS
Statements that are included or incorporated by reference in this press release and other written and oral statements made from time to time by Delhaize Group and its representatives, other than statements of historical fact, which address activities, events and developments that Delhaize Group expects or anticipates will or may occur in the future, are “forward-looking statements” that are subject to risks and uncertainties. These forward-looking statements generally can be identified as statements that include phrases such as “outlook”, “expect”, “anticipate”, “will”, “should” or other similar words or phrases. Actual outcomes and results may differ materially from those projected depending upon a variety of factors, including, but not limited to, changes in the general economy or the markets of Delhaize Group, in consumer spending, changes in inflation or currency exchange rates or changes in legislation or regulation. Additional risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements are described in the Offer to Purchase and Delhaize Group’s most recent Annual Report on Form 20-F and other periodic filings made by Delhaize Group with the U.S. Securities and Exchange Commission. Delhaize Group disclaims any obligation to update developments of these risk factors or to announce publicly any revision to any of the forward-looking statements contained in this release, or to make corrections to reflect future events or developments.

JPMorgan Asset Management Holdings Inc. notified Delhaize Group that the total shareholding of certain of its subsidiaries crossed the threshold of 3% of Delhaize Group SA shares

BRUSSELS, Belgium, 2015-2-18 — /EPR Retail News/ — Pursuant to the Belgian Law of May 2, 2007 relating to the publication of major shareholdings in listed companies, JPMorgan Asset Management Holdings Inc. notified Delhaize Group that the total shareholding of certain of its subsidiaries crossed the threshold of 3% of the shares issued by Delhaize Group SA downwardson February 9, 2015 and upwards on February 10, 2015.

On February 13, 2015, JPMorgan Asset Management Holdings Inc. notified Delhaize Group that as of February 9, 2015 JPMorgan Asset Management Holdings Inc. owned through its various subsidiaries less than 3% of Delhaize Group’s voting rights.

On February 13, 2015, JPMorgan Asset Management Holdings Inc. notified Delhaize Group that as of February 10, 2015 JPMorgan Asset Management Holdings Inc. owned 3 128 660 Delhaize Group shares through its various subsidiaries as indicated in the table below, which represented 3.04% of Delhaize Group’s voting rights. The denominator is 102 819 053 shares.

Holders of voting rights Current number of voting rights Current percentage of voting rights
JPMorgan Asset Management Holdings Inc. 0 0,00%
J.P. Morgan Investment Management Inc. 617 991 0,60%
JPMorgan Asset Management (Taiwan) Limited 37 430 0,04%
JPMorgan Asset Management (UK) Limited 2 432 541 2,37%
JPMorgan Chase Bank, National Association 40 698 0,04%
TOTAL 3 128 660 3,04%

The entities listed in the table above are controlled via intermediate holding companies ultimately by JPMorgan Chase & Co. and are discretionary investment managers that hold and exercise the voting rights in the absence of specific instructions.

Notification as well as further information related to the relationship between JPMorgan Asset Management Holding Inc. and the entities having the holdings are available on our internet website under the section Corporate Governance.

» Delhaize Group
Delhaize Group is a Belgian international food retailer present in seven countries on three continents. At the end of 2014, Delhaize Group’s sales network consisted of 3 468 stores. In 2014, Delhaize Group posted €21.4 billion ($28.4 billion) in revenues. In 2013, Delhaize Group posted €179 million ($237 million) in net profit (Group share). At the end of 2014, Delhaize Group employed approximatively 152 000 people. Delhaize Group’s stock is listed on NYSE Euronext Brussels (DELB) and the New York Stock Exchange (DEG).

This press release is available in English, French and Dutch. You can also find it on the website http://www.delhaizegroup.com. Questions can be sent to investor@delhaizegroup.com.

» Contacts

Investor Relations: + 32 2 412 2151
Media Relations: + 32 2 412 8669

JPMorgan Asset Management Holdings Inc. shareholding in Delhaize Group crossed the threshold of 3%

BRUSSELS, Belgium, 2015-2-4 — /EPR Retail News/ — Pursuant to the Belgian Law of May 2, 2007 relating to the publication of major shareholdings in listed companies, JPMorgan Asset Management Holdings Inc. notified Delhaize Group that the total shareholding of certain of its subsidiaries crossed the threshold of 3% of the shares issued by Delhaize Group SA.

On January 30, 2015, JPMorgan Asset Management Holdings Inc. notified Delhaize Group that as of January 28, 2015 JPMorgan Asset Management Holdings Inc. owned 3 103 374 Delhaize Group shares through its various subsidiaries as indicated in the table below, which represented 3.02% of Delhaize Group’s voting rights.

Holders of voting rights Current number of voting rights Current percentage of voting rights
JPMorgan Asset Management Holdings Inc. 0 0.00%
J.P. Morgan Investment Management Inc. 638 444 0.62%
JPMorgan Asset Management (Taiwan) Limited 27 401 0.03%
JPMorgan Asset Management (UK) Limited 2 391 358 2.33%
JPMorgan Chase Bank, National Association 46 171 0.04%
TOTAL 3 103 374 3.02%

The entities listed in the table above are controlled via intermediate holding companies ultimately by JPMorgan Chase & Co. and are discretionary investment managers that hold and exercise the voting rights in the absence of specific instructions.

Notification as well as further information related to the relationship between JPMorgan Asset Management Holding Inc. and the entities having the holdings are available on our internet website under the section Corporate Governance.

» Delhaize Group

Delhaize Group is a Belgian international food retailer present in seven countries on three continents. At the end of 2014, Delhaize Group’s sales network consisted of 3 468 stores. In 2014, Delhaize Group posted €21.4 billion ($28.4 billion) in revenues. In 2013, Delhaize Group posted €179 million ($237 million) in net profit (Group share). At June 30, 2014, Delhaize Group employed approximately 152 500 people. Delhaize Group’s stock is listed on NYSE Euronext Brussels (DELB) and the New York Stock Exchange (DEG).

This press release is available in English, French and Dutch. You can also find it on the website http://www.delhaizegroup.com. Questions can be sent to investor@delhaizegroup.com.

» Contacts

Investor Relations: + 32 2 412 2151
Media Relations: + 32 2 412 8669

 

Delhaize Group discloses information for the acquisition of treasury shares in off-exchange transaction

BRUSSELS, Belgium, 2015-1-29 — /EPR Retail News/ — Delhaize Group discloses the information with respect to the acquisition of treasury shares required under the article 207 of the Royal Decree of January 30, 2001 implementing the Belgian Companies Code.

Delhaize Group acquired the following number of shares in an off-exchange transaction pursuant to a share buy-back program managed by a credit institution for the purchase of Delhaize Group shares in order to satisfy exercises of stock options granted to management:

Purchase date Number of shares purchased Unit purchase price(EUR)
January 22, 2015 45 041 49.25
January 22, 2015 33 980 50.03

This credit institution makes its decisions to purchase Delhaize Group shares independently of, and without influence by, Delhaize Group with regard to the timing of the purchases.

More information on the company’s share buyback program can be found on the website www.delhaizegroup.com.

» Delhaize Group
Delhaize Group is a Belgian international food retailer present in seven countries on three continents. At the end of 2014, Delhaize Group’s sales network consisted of 3 468 stores. At June 30, 2014, Delhaize Group employed approximately 152 500 people. Delhaize Group’s stock is listed on NYSE Euronext Brussels (DELB) and the New York Stock Exchange (DEG).

This press release is available in English, French and Dutch. You can also find it on the website http://www.delhaizegroup.com. Questions can be sent to investor@delhaizegroup.com.

» Contacts

Investor Relations: + 32 2 412 2151

Media Relations: + 32 2 412 8669

CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS Statements that are included or incorporated by reference in this press release and other written and oral statements made from time to time by Delhaize Group and its representatives, other than statements of historical fact, which address activities, events and developments that Delhaize Group expects or anticipates will or may occur in the future, are “forward-looking statements” within the meaning of the U.S. federal securities laws that are subject to risks and uncertainties. These forward-looking statements generally can be identified as statements that include phrases such as “guidance,” “outlook,” “projected,” “believe,” “target,” “predict,” “estimate,” “forecast,” “strategy,” “may,” “goal,” “expect,” “anticipate,” “intend,” “plan,” “foresee,” “likely,” “will,” “should” or other similar words or phrases. Although such statements are based on current information, actual outcomes and results may differ materially from those projected depending upon a variety of factors, including, but not limited to, changes in the general economy or the markets of Delhaize Group, in strategy, in consumer spending, in inflation or currency exchange rates or in legislation or regulation; competitive factors; adverse determination with respect to claims; inability to timely develop, remodel, integrate, open, convert or close stores; and supply or quality control problems with vendors. Additional risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements are described in Delhaize Group’s most recent Annual Report on Form 20-F and other filings made by Delhaize Group with the U.S. Securities and Exchange Commission, which risk factors are incorporated herein by reference. Delhaize Group disclaims any obligation to update developments of these risk factors or to announce publicly any revision to any of the forward-looking statements contained in this release, or to make corrections to reflect future events or developments.

Delhaize Group announces 3.9% revenue growth in its full year preliminary and unaudited 2014 results

BRUSSELS, Belgium, 2015-1-26 — /EPR Retail News/ — Delhaize Group announces 3.9% revenue growth in its full year preliminary and unaudited 2014 results

Full Year preliminary and unaudited 2014 Results at actual exchange rates(1)
» Group revenue growth of 3.9% at identical exchange rates including the 53rd week in the U.S.
» Group revenue growth of 2.6% at identical exchange rates excluding the 53rd week in the U.S.
» Underlying operating profit of €764 million including the 53rd week in the U.S.
» Underlying operating profit of €739 million excluding the 53rd week in the U.S.
» Operating free cash flow of approximately €585 million. Free cash flow of approximately €756 million including the net proceeds of €171 million related to the divestment of Sweetbay, Harveys and Reid´s

 

Fourth Quarter 2014 Revenues
» Group revenue growth of 6.3% at identical exchange rates including the 53rd week in the U.S.
» Group revenue growth of 1.3% at identical exchange rates excluding the 53rd week in the U.S.
» 3.6% comparable store sales growth in the U.S.
» Comparable store sales declines by 6.9% in Belgium and by 2.2% in Southeastern Europe

» CEO Comments

Frans Muller, President and Chief Executive Officer of Delhaize Group said: “In 2014, we made substantial progress in a number of areas and believe the strategy announced in March of 2014 has resonated with all stakeholders. While we recognize there is still significant work to be done to achieve our ambitions and goals, I am confident in our team´s ability to deliver.”

“Our preliminary unaudited Group underlying operating profit stood at €739 million for 2014, excluding the 53rd week in the U.S., driven by strong sales growth and a relatively stable underlying operating margin at Delhaize America. We generated an operating free cash flow of approximately €585 million. ”

“Our fourth quarter revenues at Delhaize America were solid, partly helped by inflation and both Food Lion and Hannaford reported positive real sales growth. In Belgium our revenues and results were both negatively impacted by disruptions in our stores and in our distribution network. We have the ambition to reach a final agreement with our social partners on the Transformation Plan negotiations soon. In Southeastern Europe, a difficult consumer environment in Greece and Serbia resulted in negative comparable store sales growth.”

“For 2015, our focus will be to further roll-out the Easy, Fresh and Affordable strategy at Food Lion and to implement the Transformation Plan in Belgium, both initiatives focused on the customer. We will also seek to accelerate growth in selected markets. Finally, we will continue to be disciplined with respect to operating costs, capital allocation and working capital.”

Full Year preliminary and unaudited 2014 Results at actual exchange rates