EURO
5 million customers 55,000 associates 408 stores
'We are already an
important regional player
in rapidly growing markets'
potential
capital expenditure program for both the
supermarket and hypermarket formats.
New stores are being built in existing,
adjacent and new areas.
Argentina
Disco Ahold International Holdings, the
joint venture between Ahold and Velox
Retail Holdings, put in another strong
performance, generating sales of Euro
1.6 billion through 213 stores in
Argentina. The joint venture holds a 98%
stake in Disco, the country's leading
urban supermarket chain with a strong
position in Buenos Aires where it is head
quartered. Disco supermarkets are known
for their excellent store operations and
customer service and offer a broad range
of quality products at competitive prices.
The meat and bakery departments give
the supermarkets a particularly pleasant
shopping environment.
150 t Operating results
Latin America
100
50
1995 1996 1997 1998 1999
in millions
Santa Isabel
Royal Ahold Annual Report 1999 29
