-
Ahold USA donates $9 million in new funding to hunger-relief groups
CARLISLE, Pa. — The parent company of the Stop & Shop, Giant-Carlisle and Giant-Landover supermarket chains is donating $9 million over three years to alleviate child hunger.
Ahold USA said it would distribute the money in Fighting Child Hunger grants from its Our Family Foundation. The foundation has awarded grants to 21 regional food banks in areas served by the company's banners.
-
Ahold sells stake in ICA
AMSTERDAM — Dutch supermarket operator Royal Ahold is selling its majority stake in a Scandinavian supermarket chain to an investors group, the company said Monday.
Ahold, which operates the Giant-Carlisle, Giant-Landover and Stop & Shop banners and the Peapod online grocery service in the United States, said it would sell its 60% stake in ICA to Hakon Invest of Sweden for $3.3 billion.
ICA, based in Sweden, operates the ICA and Rimi chains in Norway and the Baltics.