Reports: Ahold Delhaize Eyes U.S. for Possible Acquisitions
UNITED STATES - Is Ahold Delhaize looking to make itself known as a major competitor to the likes of Amazon and Walmart on their own turf? Reports are saying yes. According to Reuters, CEO Frans Muller revealed the retailer’s potential strategy shift, which included plans of looking for acquisitions in the U.S.
“We have a strong market share in regions where we are active. That gives us a good starting point to join in the acquisition game,” Muller told news source Financieele Dagbald.
While Muller was forthcoming in divulging the strategy shift, no details were disclosed regarding possible targets or how much the company is looking to spend.
Earlier this year, Ahold Delhaize announced plans to expand its U.S. online business organically by honing in on its online grocery delivery business Peapod. This month, Peapod named Selma Postma as its new President, with Ahold Delhaize also announcing growth in its e-commerce business and a new partnership expanding its digital operations.
Where will Ahold Delhaize bite first and how will this new strategy fare in a tough retail market? AndNowUKnow will continue to keep an eye on the ever-changing retail landscape.