Additional cost savings will be generated and used to invest in the many sales building initiatives that will support accelerating growth.
Speaking at the Analyst Meeting, Pierre-Olivier Beckers, president and CEO of Delhaize Group, said: “Two years into the execution of the New Game Plan, aimed at accelerating revenue and operating profit growth, we are making a lot of progress in a difficult environment. We are strengthening our brands, stepping up price investments at all our operating companies, further developing our formats and generating the means to fund these initiatives through structural changes in the way we operate.
“We have also completed a strategic acquisition of the Delta Maxi operations in Southeastern Europe, a move that we expect to substantially change the growth profile of our Group.
“We are confident that our Group will be able to seize the many opportunities that come with the challenging environment we operate in. While we continue to be focused on the disciplined execution of the many projects that are ongoing, we are ready to accelerate our store opening plans.”
Source: Delhaize Group
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