date:Jan 20, 2014
Supermarket company Ahold, which runs the Albert chain in the Czech Republic, has carried out a major restructuring after sales fell heavily.
The Dutch-based firm is scrapping its Ahold Europe division and the overall CEO, Dick Boer, will now have direct charge of the Czech business.
It comes after sales in the Czech Republic dropped 4.7 percent to 1.4 billion Euro in 2013, with the fourth quarter of last year particularly disappointing, as sales were down 7.9 percent to 338 billion Euro.
Ji