Thursday, May 3, 2007

Ahold needs to expand into non-food retail - CEO

(Reuters) - "We need to extend our offer into non-food, we are starting to work on it. We will continue to work on that strategy," CEO Moberg said when shareholders asked management about media reports on Ahold's interest in acquiring Dutch retailer Hema, which mainly offers non-food products and has been put up for sale.

Moberg did not provide specifics and also did not confirm or deny the reports.


Read more at Reuters.com Mergers News

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