The three companies have decided to share their expertise in the following three areas:
- Private Brand innovation and development.
- Commercial terms with international suppliers.
- Synergies in non-food procurement.
Delhaize Group is a Belgian international food retailer present in seven countries on three continents. At the end of the second quarter of 2014, Delhaize Group’s sales network consisted of 3 377 stores. In 2013, Delhaize Group posted €20.9 billion ($27.8 billion) in revenues and €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).