Ahold Delhaize is on the prowl for new acquisitions, circling above the United States in particular for possible targets to scoop up. According to a report by Reuters, CEO Frans Muller revealed the retailer’s potential strategy shift, which includes plans of looking for acquisitions in the U.S.
“We have a strong market share in regions where we are active. That gives us a good starting point to join in the acquisition game,” Muller told news source Financieele Dagbald.
Earlier this year, Ahold Delhaize announced plans to expand its U.S. online business organically, with emphasis on its online grocery delivery business Peapod. This month, Peapod named Selma Postma as its new President. The company also rang in growth in its e-commerce business and a new partnership expanding its digital operations—accomplishments that could point to Ahold Delhaize bulking up to take on Amazon and Walmart in the market they are known to dominate.
While Muller was forthcoming in divulging the strategy shift, no details were disclosed regarding possible targets or how much the company is looking to spend.
Where will Ahold Delhaize bite first and how will this new strategy fare in a tough retail market? Deli Market News will keep you apprised of the latest grocery happenings.