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Delhaize Group


News and Blogs

Total : 49 View more »

BELGIUM: Delhaize completes Koryfi store buy

www.just-food.com | Nov 24, 2009

Belgian retailer Delhaize Group has completed, through its subsidiary Alfa-Beta Vassilopoulos, the acquisition of 11 stores and a distribution centre operated under the Koryfi banner.

http://www.just-food.com/article.aspx?id=108929

Newsvine - Belgium's Delhaize in talks for BI-LO assets

www.newsvine.com | Oct 5, 2009

Belgian international food retailer Delhaize Group is in talks to buy shops and inventory worth $425 million from South Carolina-based BI-LO, a grocery chain that entered bankruptcy proceedings earlier this year.

http://www.newsvine.com/_news/2009/10/05/3349568-belgiums-delhaize-to-acquire-bi-lo-assets

Delhaize Group Closes the Acquisition of Greek Retailer Koryfi (Marketwire)

finance.yahoo.com | Nov 23, 2009

BRUSSELS, BELGIUM--(Marketwire - 11/23/09) - BRUSSELS, Belgium, November 23, 2009 - Delhaize Group (Euronext Brussels: DELB - NYSE: DEG), the

http://finance.yahoo.com/news/Delhaize-Group-Closes-the-iw-2832030839.html?x=0&.v=1

Delhaize Group To Acquire Certain BI-LO Assets - Food Business Review : News

www.food-business-review.com | Oct 5, 2009

Non-binding offer is subject to completion of customary steps for acquisition including certain bankruptcy court approvals

http://www.food-business-review.com/news/delhaize_group_to_acquire_certain_bilo_assets_091005

 

Delhaize Group Closes the Acquisition of Greek Retailer Koryfi - Zibb.com

BRUSSELS, Belgium, November 23, 2009 - Delhaize Group (Euronext Brussels: DELB - NYSE: DEG), the Belgian international food retailer, announced today that it has completed, through its subsidiary Alfa-Beta Vassilopoulos, the earlier announced acquisition of 11 stores and a distribution center operated under the banner Koryfi for an amount of EUR 7.0 million. This highly complementary acquisition will reinforce the position of Alfa-Beta in Thrace (Northeastern Greece) where it currently has a limited presence.

Konstantinos Macheras, Chief Executive Officer of Alfa-Beta, commented: "The acquisition of Koryfi supports Delhaize Group's objective of accelerating profitable revenue growth and fits in the company's strategy to reinforce its presence in existing or adjacent markets through fill-in acquisitions with strong synergies. Thanks to this perfect fill-in acquisition of 11 well-located stores and a distribution center, Alfa-Beta reinforces its position in the Northeastern part of Greece where it so far only had a limited presence. We are pleased to welcome the employees to the Alfa-Beta family and to continue to serve the Koryfi customers."

In 2008, the revenues of the 11 acquired stores amounted to EUR 30 million. The transaction includes the real estate ownership of two stores and a distribution center. Alfa-Beta plans to convert the acquired stores to Alfa-Beta banners before the end of 2010. The results of the 11 Koryfi stores will be consolidated in Delhaize Group's results from November 23, 2009.

Alfa-Beta is the second largest food retailer in Greece. At the end of the third quarter of 2009, Alfa-Beta's network consisted of 204 stores under the banners Alfa-Beta, AB City Market, ENA cash & carry, AB Foodmarket and AB Shop n' Go. In 2008, Alfa-Beta realized EUR 1.3 billion revenues and it employed 8 821 people.

" Delhaize Group

Delhaize Group is a Belgian international food retailer present in six countries on three continents. At the end of the third quarter of 2009, Delhaize Group's sales network consisted of 2 697 stores. In 2008, Delhaize Group posted EUR 19 billion (USD 28 billion) in revenues and EUR 467 million (USD 687 million) in net profit (Group share). At the end of 2008, Delhaize Group employed approximately 141 000 people. Delhaize Group's stock is listed on 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

Guy Elewaut: + 32 2 412 29 48 Amy Shue (U.S. investors): +1 704 633 82 50 (ext. 2529) Geert Verellen: + 32 2 412 83 62 Barbera Hoppenbrouwers (media): + 32 2 412 86 69

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, including, without limitation, statements about strategic options, future strategies and the anticipated benefits of these strategies, 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 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 or convert 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.

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

SOURCE: Delhaize Group

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Tags: acquisition   annual report   belgium   ceo   consumer   currency   economy   family   federal   food   greece   inflation   legislation   media   net profit   note   nyse   quality control   revenue   sales   securities  

Companies: Delhaize Le Lion S.A. (DEG)

 

Delhaize Group Reports Operating Profit Increase of 5.7% in the Third Quarter of 2009 - Zibb.com

+-------------------------------------------------------------------+ | Financial Highlights Third Quarter 2009 (at identical exchange | | rates) | |-------------------------------------------------------------------| | " Revenue growth of 1.9% (4.8% at actual exchange rates) | |-------------------------------------------------------------------| | " Comparable store sales evolution of -1.3% in the U.S. while | | volume trends continued to improve for the third consecutive | | quarter | |-------------------------------------------------------------------| | " Strong comparable store sales growth of 4.6% in Belgium, | | resulting in a significant market share increase | |-------------------------------------------------------------------| | " Solid operating margin remained stable at 4.6% (increased to | | 4.7% at actual exchange rates) | |-------------------------------------------------------------------| | " Operating profit increase of 2.1% (5.7% at actual exchange | | rates) | | | |-------------------------------------------------------------------| | Upgrading guidance range | |-------------------------------------------------------------------| | " Solid year-to-date results support the increase of operating | | profit growth expectations to be between 1% to 4% instead of 0% | | to 3% (at identical exchange rates and including the 53rd week in | | 2008) | | | | " CEO Comments | | | | Pierre-Olivier Beckers, President and Chief Executive Officer of | | Delhaize Group, commented: "In the third quarter of this year, | | Delhaize Group demonstrated once again its ability to operate | | successfully in a challenging environment. While, as expected, | | price pressure in the U.S. continued to impact sales, we were | | encouraged to see that targeted promotions and outstanding store | | execution resulted in improving volume trends for the third | | consecutive quarter. In addition, Delhaize Belgium realized an | | outstanding sales performance supported by its ongoing price | | efforts and by a very successful marketing campaign. This | | resulted in the largest market share jump in a number of years. | | Also, our Greek operations maintained strong momentum and posted | | solid results." | | | | "At the same time, our operating margin remained strong due to | | continued improvements in inventory management, the strength of | | our private brand program and effective cost management. We are | | on track with our plans to improve our cost structure by EUR 100 | | million this year." | | | | "Although we are mindful of the volatile environment, we remain | | confident in our operating companies' resilience and our plans | | for the rest of the year. Our results for the first nine months | | of the year give us the confidence to upgrade our earlier | | communicated guidance of 0 to 3% operating profit growth to 1 to | | 4% at identical exchange rates and including the 53rd week in | | 2008." | | | | " Contacts | | | | Guy Elewaut: + 32 2 412 29 48 | | Amy Shue (U.S. investors): +1 704 633 8250 (ext. 2529) | | Geert Verellen: + 32 2 412 83 62 | | Barbera Hoppenbrouwers (media): | | + 32 2 412 86 69 | | | +-------------------------------------------------------------------+

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

SOURCE: Delhaize Group

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Tags: belgium   ceo   environment   market share   marketing   media   president   profit   rates   revenue   sales   track  

Companies: Delhaize Le Lion S.A. (DEG)

 

Delhaize Group Wins the Prize for the Best Report on Sustainable Development - Zibb.com

BRUSSELS, Belgium, October 29, 2009 - For many years, the " Institut Belge des Reviseurs d'Entreprise " (The Belgian Institute of Company Auditors) has been promoting the reporting and transparency of corporate responsibility in companies. Today, it has awarded its annual price for the best report on sustainable development. This year, Delhaize Group, the Belgian international food retailer (Euronext Brussels: DELB - NYSE: DEG), wins the prize for its "Corporate Responsibility Report 2008".

The history of corporate responsibility at Delhaize started more than 100 years ago to eventually become one of the three key pillars of its strategy. Since 2007, Delhaize Group also publishes an annual report dedicated to corporate responsibility.

Pierre-Olivier Beckers, President and Chief Executive Officer Delhaize Group said: "Throughout their history, our different operating companies have spontaneously developed a large number of initiatives related to corporate responsibility. This demonstrates that corporate responsibility is a part of our company's culture. Delhaize Belgium being in the top 10 of green energy consumers in Europe and the first in Belgium, or being pioneers in the United States by launching the nutritional information program called "Guiding Stars", are some of the examples. The corporate responsibility strategy recently developed at the Group level in a coherent way enables us to share our collective expertise and concentrate our energy on well chosen and measurable objectives. We are happy that the report which communicates our results has caught the attention of the jury."

Sustainable development is present in many different areas particularly in the food retail sector. Delhaize Group has chosen three key pillars to focus on; Products: healthier products, People: healthier people and Planet: a healthier planet, in the spirit of the title of the report: "a healthy approach to life". The report particularly focuses on the five areas selected by Delhaize Group as a basis of its corporate responsibility strategy. These five areas are: food safety, health and wellness, associate development, energy conservation, responsible sourcing. The report has been used as support for internal and external communication in order to raise the awareness of our associates and our customers. It provides concrete examples and numerical results making it possible to evaluate the progress that has been made so far. Delhaize Group is conscious of the fact that there are still many more challenges, and the prize the Group receives today is a great encouragement to continue its efforts.

The " Corporate Responsibility Report 2008 " can be downloaded from the site www.delhaizegroup.com

" Delhaize Group

Delhaize Group is a Belgian international food retailer present in six countries on three continents. As of June 30, 2009, Delhaize Group's sales network consisted of 2 684 stores. In 2008, Delhaize Group posted EUR 19 billion (USD 28 billion) in revenues and EUR 467 million (USD 687 million) in net profit (Group share). At the end of 2008, Delhaize Group employed approximately 141 000 people. Delhaize Group's stock is listed on 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 calexandre@delhaizegroup.com.

" Contacts

Catherine Alexandre: + 32 2 412 82 57 or +32 475 91 91 03 Barbera Hoppenbrouwers: + 32 2 412 86 69

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

SOURCE: Delhaize Group

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Tags: annual report   belgium   ceo   corporate   energy   energy conservation   europe   food   health   net profit   nyse   president   products   retail   sales  

Companies: Delhaize Le Lion S.A. (DEG)

 

Disclosure of Major Shareholding - Zibb.com

BRUSSELS, Belgium, October 20, 2009 - 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), the Belgian international food retailer, has received a notification of the threshold of 3% being crossed by AllianceBernstein L.P. by owning 2.92% of Delhaize Group's voting rights.

On October 15, 2009, AXA Investment Managers Paris notified Delhaize Group that as of October 13, 2009 AllianceBernstein L.P. and its subsidiaries together owned 2 942 690 Delhaize Group shares, representing 2.92% of its voting rights. This is a decrease of 1.79% compared to the previous notification of ownership of 4 744 084 shares received on September 15, 2009.

According to this notification, AllianceBernstein L.P. is a holding company of the AXA Group which owns management companies and companies providing investment services for the account of third parties. AXA Investment Managers Paris indicated that AllianceBernstein L.P. and its subsidiaries for the account of which this notification has been made, act independently of any other entity of AXA Group.

" Delhaize Group

Delhaize Group is a Belgian international food retailer present in six countries on three continents. As of June 30, 2009, Delhaize Group's sales network consisted of 2 684 stores. In 2008, Delhaize Group posted EUR 19 billion (USD 28 billion) in revenues and EUR 467 million (USD 687 million) in net profit (Group share). At the end of 2008, Delhaize Group employed approximately 141 000 people. Delhaize Group's stock is listed on 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

Geert Verellen: + 32 2 412 83 62 Fatima Martins: + 32 2 412 83 61 Barbera Hoppenbrouwers (media): +32 2 412 86 69

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

SOURCE: Delhaize Group

Read more...

Tags: belgium   investment   law   media   net profit   nyse   paris   sales  

Companies: AXA (AXA), Delhaize Le Lion S.A. (DEG)

 

Web Sites

Total : 138 View more »

Video: European Stocks to Watch: L'Oreal, Nestle, Delhaize, Barclays - Zibb.com

www.zibb.com

L'Oreal 2Q Revenue Increases to Slowest Pace in More than Three Years, Reduces Full Year Sales Forecast; Nestle Shares Being Impacted by L'Oreal Decline Due to 20% Stake; Delhaize Cuts Annual Profit Forecast on a Weakening Consumer Climate; According to Barclays, Investors Only Bought 19% of

http://www.zibb.com/article/3621531/Video+European+Stocks+to+Watch+L+Oreal+Nestle+Delhaize+Barclays

Delhaize expands biodegradable packaging switch

Over the past year packaging suppliers have been introducing various forms of biodegradable plastics made from a variety of plants, in the main corn, based on projections that there will be a growing demand for environmentally-friendly packaging driven by consumers and recycling regulations.

http://www.packwire.com/news/ng.asp?id=68336

Countries - Elsevier Food International

www.foodinternational.net

Reed Business bv. Copyright reserved. The following rules apply to the use of this site: Terms of Use and Privacystatement.

http://www.foodinternational.net/countries/belgium-id9.html

SCT - Shopping Centers Today Online

The questions on a job application for Sweetbay, a supermarket chain launched in 2004, are unusual enough that some would-be employees simply drop the pen and scurry out of the store.

http://www.icsc.org/srch/sct/sct1206/retail_supermarket.php

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Delhaize Group - Wikipedia, the free encyclopedia

en.wikipedia.org

Delhaize Group (Euronext: DELB, NYSE: DEG) is a food retailer headquartered in Belgium which operates in eight countries and on three continents. [2]

http://en.wikipedia.org/wiki/Delhaize_Group

Delhaize Group (ADR) - Google Finance

www.google.com

Get the latest on Delhaize Group (ADR) including up to date news, high quality discussion groups and more on Google Finance.

http://www.google.com/finance?q=NYSE:DEG

Ablynx, Delhaize Group, Fortis: Benelux Equity Market Preview ...

www.bloomberg.com

The following companies may have unusual price changes in Benelux markets. Stock symbols are in parentheses, and prices are from the previous close.

http://www.bloomberg.com/apps/news?pid=20601084&sid=a2nhWeXIBncw