In other bad news for Ahold, the Chilean retailer Distribution y Servicio (DYS) claims that it is owed $45 million by the Dutch retailer, and has taken legal steps to recover the money.
The conflict stems from Ahold's Chilean Disco unit reported missing of a Wednesday deadline to pay $90 million Disco owed DYS for the acquisition of 10 Argentine supermarkets in 2000. The original deadline was last Friday, at which point Ahold said it only owed $45 million because of the devaluing of the Chilean currency.
The conflict stems from Ahold's Chilean Disco unit reported missing of a Wednesday deadline to pay $90 million Disco owed DYS for the acquisition of 10 Argentine supermarkets in 2000. The original deadline was last Friday, at which point Ahold said it only owed $45 million because of the devaluing of the Chilean currency.
- KC's View:
- Sounds like Ahold has some real accountant issues, doesn't it?
