Ahold Performing Well But Could Do More

Dutch retailer Ahold has continued its strategy of gradual expansion through acquisitions, with the announcement that it to purchase 16 Genuardi outlets from Safeway for US$106mn. The stores are in Greater Philadelphia and will be brought under Ahold's Giant Food Stores banner. The move fits with the firm's strategy of targeting expansion adjacent to its current markets in Europe and the US. However, this strategy underlines the firm's cautious approach to expansion, despite low debt levels that suggest it could be doing more to drive transformative growth.

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