Ahold Delhaize has commenced the €1 billion share buyback programme announced on 15 November 2021. The company expects to complete the programme before the end of 2022. The share buyback programme aims to reduce the capital of Ahold Delhaize by cancelling all or part of the common shares acquired through the programme. The company focuses on maintaining a balanced approach between funding growth in key channels and returning excess liquidity to shareholders to support the financial framework of its 'Leading Together' strategy.
Dutch retailer Jumbo has announced a strategic partnership with Gorillas in the Netherlands and Flanders, focusing on instant delivery of groceries ordered online in larger cities. The partnership will allow both companies to benefit from each other’s expertise and strengthen their market positions. The agreement will see Jumbo supplying a large part of its range to Gorillas, including various a-brand, private-label, organic, and exclusive La Place products. The deal also has provision for delivering orders within minutes in urban areas in the future. Currently, Gorillas operates in eleven Dutch cities and two Belgian cities. Commenting on the partnership, Jumbo CEO Frits van Eerd, said, "Like Jumbo, Gorillas stands for a high level of service and distinguishes itself through a customer-oriented approach. Thanks to this collaboration, we can further expand our service and increase the choice for our online customers."
2022 Checkout – your source for the latest Irish retail news. Article by Donna Ahern. For more Retail News click here. Click sign up to subscribe to Checkout.
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