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Delhaize Turns in Sales and Profit Gains for Q4 and '05
BRUSSELS, Belgium -- Thanks to ongoing cost-cutting and new in-store initiatives at its U.S. banners, the Delhaize Group here saw 5.3 percent sales growth and a net profit increase of 66.7 percent for the fourth quarter. For the year, sales grew 4.2 percent, while net profit was up 23.4 percent. -
Prosecutors Say Ex-Royal Ahold Chief, Other Executives Perjured Selves
AMSTERDAM -- Confidential letters will prove that four former Royal Ahold top executives, including the onetime c.e.o., perjured themselves, a prosecutor said today in opening arguments in the trial of the four men, who have been charged with, among other things, falsely reporting sales from Ahold subsidiaries in Scandinavia and Latin America as part of a scandal that helped plunge the retail conglomerate into financial chaos. The four defendants maintain their innocence.