Ahold Delhaize acquires Tesco Czechia and Slovakia
The €1.2 billion deal adds over 360 stores and 14,000 employees, expands into Slovakia, and is expected to close in Q4 2027.
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Global supermarket and online grocery retail group
aholddelhaize.comLast updated
In short: Ahold Delhaize weathered a cyberattack, announced CEO succession, and posted Q2 results amid US price pressure.
The €1.2 billion deal adds over 360 stores and 14,000 employees, expands into Slovakia, and is expected to close in Q4 2027.
Thierry Garnier joins January 11, 2027, becoming President and CEO on March 3, succeeding Frans Muller upon his retirement.
Thierry Garnier succeeds Frans Muller as CEO in 2027. Claire Peters and Margaret Versteden-Van Duijn join the Management Board, while Edmond Mesrobian joins the Supervisory Board.
Stores remain open during the incident assessment. The company apologizes for any inconvenience to customers and partners.
Ahold Delhaize pays approximately €1.2 billion for the acquisition and also assumes €500 million in lease obligations.
The Netherlands' largest supermarket Albert Heijn has resumed product deliveries to its stores after a cyber attack on its parent company resulted in days of...
Customers leaving, hiring expensive cyber experts and losses on the stock market. Experts say the 'unprecedented' cyber crisis will certainly put pressure on Ahold Delhaize's profits...
Retailer Ahold Delhaize reported a cybersecurity incident to Dutch police on Monday after it detect...
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