Delhaize entered into an agreement on Monday with the Louis Delhaize group to acquire all of the shares of Delfood SA. This acquisition covers all 325 Louis Delhaize stores and businesses supplied by Delfood, logistics services and the head office in Belgium, Delhaize announced in a press release.
“Delhaize intends to expand its position on the Belgian distribution market and in particular in the convenience store segment. Through this acquisition, Delhaize will strengthen its existing store network“, the sign emphasized. “Under the terms of this agreement, the ‘louis delhaize’ brand will continue to exist“, she further specifies.
For the Louis Delhaize group, the sale of the Delfood company to Delhaize is the best option to preserve the future of the company, its staff and ensure its development. One hundred and fifty years after the opening of the first Louis Delhaize store in 1875, the brand will therefore join the portfolio of Delhaize brands and brands. “It is also a nice historical nod because this agreement brings together today, after more than 150 years of existence, two companies which bear the same name and come from the same founding family. comments Xavier Piesvaux, CEO of Delhaize.
The agreement still needs to be approved by the Belgian Competition Authority. Delhaize indicates that it wishes to finalize this acquisition by the end of 2025.
-The Louis Delhaize group had already sold all of the Match and Smatch supermarkets in September 2023, and announced the sale of around forty Delitraiteur stores to the Colruyt group in October 2024. Cora Belgique still remains, until now, in the hands of the group.
Belgium
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