Food Lion to Shut 113 Weaker Stores
AMSTERDAM—Supermarket operator Delhaize Group said it would close 113 of its Food Lion locations and cut 4,900 jobs in the U.S., as part of a broader restructuring.
The Belgian company said it will refurbish 64 locations, close 13 other U.S. stores and close 20 stores in southeastern Europe. But it reiterated plans to open 450 stores in high growth areas over the next three years.
Right now, Delhaize has around 150,000 staff world-wide, of which 105,000 are in the U.S.
Chief Executive Pierre-Olivier Beckers said he ... WSJ PAYWALL
No comments:
Post a Comment