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Weekly Roundup...4 January 2022

Published on Jan 4 2022 1:14 PM in Retail tagged: Jumbo / Ahold Delhaize / Lidl Switzerland

Weekly Roundup...4 January 2022

Ahold Delhaize has announced that it has commenced the €1 billion share buyback programme.

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.

Lidl Switzerland has introduced Nutri-Score labelling for certain own-label products to help consumers make more informed purchases and opt for healthier food options. The voluntary labelling indicates the nutritional balance of a product's composition on a scale of A to E, and has been widely used in France since its introduction in 2017. In Switzerland, the Federal Office of Food Safety and Veterinary Affairs (USAV) came out in favour of the Nutri-Score in 2019. Now, Lidl Switzerland has rolled out the label for its 'Harvest Basket' and 'Trattoria Alfredo' private-label brands, with plans to expand it to other product areas.

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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