Check-out lane. (Panorama).
Dutch food retailer Royal Ahold is ready to sell 426 stores in Argentina, Brazil, Paraguay and Peru. The company plans to jettison jettison (jĕt`əsən, –zən) [O.Fr.,=throwing], in maritime law, casting all or part of a ship's cargo overboard to lighten the vessel or to meet some danger, such as fire. Such cargo, when found later, is known as jetsam (see flotsam, jetsam, and ligan). its Latin American subsidiaries with 2002 sales of approximately US$2.5 billion to reduce its $13 billion debt. Royal Ahold admits to overstating profits by over $500 million worldwide during the past two years. Before the accounting scandal erupted, the company was in talks to sell its Santa Isabel Santa Isabel: see Malabo, Equatorial Guinea. brand supermarkets in Chile for approximately $150 million. The food retailer has not set a time frame to sell any of its assets.
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