Royal Ahold NV, the Dutch owner of the Stop & Shop chain, reported stronger U.S. sales than some analysts anticipated as American shoppers stocked up with provisions ahead of superstorm Sandy in October.
Royal Ahold NV, the Dutch owner of the Stop & Shop supermarket chain, quadrupled a share buyback to 2 billion euros ($2.6 billion) to redistribute excess cash following the sale of a stake in Swedish retailer ICA.
Royal Ahold NV shares fell the most in more than a year after the biggest Dutch retailer said it has been losing market share in the Netherlands and a plan to redistribute cash to shareholders fell short of some analysts’ expectations.
In a dozen years running Reckitt Benckiser Group Plc, Bart Becht earned a reputation for developing innovative products and pushing them into far-flung regions. Achieving similar success at investment firm Joh. A. Benckiser, where he’s trying to assemble an $11 billion portfolio of second-tier coffee brands, will be a lot tougher.