Dutch Ahold Subsidiary Etos Finalizes Acquisition of Boots Stores in the Netherlands.Business Editors ZAANDAM, The Netherlands--(BUSINESS WIRE)--Nov. 6, 2000 Royal Ahold a·hold n. Hold; grip: "I knew I could make it all right if I got . . . back to the hotel and got ahold of that bottle of brandy" Jimmy Breslin. (NYSE NYSE See: New York Stock Exchange :AHO), the international food provider, today announced that Etos, its Dutch health and beauty care store chain, has finalized See finalization. its acquisition of Boots Stores The Netherlands. The transaction, announced in August, involves the 17 Dutch outlets of the British drugstore chain and boosts annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. Etos sales by over Euro 20 million. Etos expects 2001 annualized sales of Euro 450 million (1999 sales: Euro 400 million). The number of Etos stores rises to 425 and market share climbs to 15.5%. The transaction considerably strengthens the position of Etos in The Netherlands, providing a number of attractive locations in several populous Dutch cities, including the capital Amsterdam. The Boots stores continue under their own name until year-end, when at least 11 of the 17 will be remodeled to the Etos format. Etos also absorbs the 340 Boots staff. Boots Products Exclusively Sold by Etos The Ahold subsidiary will also stock popular Boots product lines, including No. 7 (cosmetics), Tricologie (haircare) and Botanics (aromatherapy aromatherapy Therapy using essential oils and water-based colloids extracted from plant materials to promote physical, emotional, and spiritual health and balance. Single or combined extracts may be diffused into inhaled air, used in massage oil, or added to bathwater. ). The private label items blend seamlessly with the broad range of Etos health and beauty care products. They are also a perfect fit with the innovative strategy Etos launched earlier this year, and give the chain an important differentiator in the competitive Dutch market. Ahold acquired the Etos chain in 1974. Since 1996, Etos sales and store count have more than doubled. Royal Ahold Royal Ahold operates approximately 8,000 supermarkets, hypermarkets and other store formats in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Europe, Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. and Asia with annualized sales approaching Euro 50 billion. The company is also developing significant experience in the foodservice industry and as an e-commerce player. Ahold employs 400,000 associates and serves the food needs of over 30 million loyal customers in 24 countries every week. Ahold's Web site can be found at www.ahold.com. Royal Ahold press releases may contain 'forward-looking' statements. Actual results may differ from such statements as they may have been influenced by factors beyond the company's ability to control. |
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