Restaurant Business Staff
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Restaurant Business Staff
Page 482ID NEWS: Only Kaiser and Lee implicated at USF; profit overstatement pegged at $880 million
Netherlands-based Royal Ahold has released conclusions of its internal investigation into accounting irregularities at its U.S. Foodservice (USF) subsidiary...
ID NEWS: S&P cuts Ahold credit rating following restatement of USF shortfall
Standard & Poor's (S&P) rating service has cut Royal Ahold's long-term corporate credit rating to BB- from BB+, Reuters has reported. The ratings cut stems...