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Royal Ahold Company

A Dutch-listed company, Ahold NV, was first established by Albert Heijn as a small grocery store in 1887 in Zandaam, the Netherlands. On its centenary anniversary in 1987, Queen Beatrix of The Netherlands awarded the royal designation for its honorable service, and the company became Royal Ahold NV (Koninklijke Ahold N.V.). By the turn of the 21st century, Royal Ahold was one of the world’s leading food providers, with more than 240,000 employees, a customer base of more than 300,000 independent and chain businesses, and sales of more than 44 billion euros. In 2003, however, Royal Ahold was rocked by an accounting scandal in its U.S. food distribution subsidiary, U.S. Foodservice, Inc. (USF), with overstatements of income that nearly bankrupted the entire firm and became ...

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