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The 3.2-billion-euro write-down includes 2.7 billion euros from changes in the value of Ahold's U.S. Foodservice unit.
The chief threat to Sysco is the possibility that Wal-Mart itself, through its McLane Foodservice unit, will seek a larger slice of the market.
Both Mr. Gillison and Mr. Eustace confirmed today that some executives of the U.S. Foodservice unit might have personally profited as a result of the accounting irregularities.
Royal Ahold, the world's largest food distributor, said that its U.S. Foodservice unit would buy the assets of Lady Baltimore Foods.
[C2.] Ahold Names a New Executive Royal Ahold named Lawrence S. Benjamin, the chief executive of NutraSweet, to lead its embattled U.S. Foodservice unit.
The Australian airline issued a second profits warning in six weeks after cutting international flights by 20% in March.Ahold, a troubled Dutch grocery group, says that its American Foodservice unit overstated earnings by 76% during the past three years.
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Chain restaurants, which account for 44.5percentt of all foodservice units, increased in number by 1percentt while the number of independents was essentially flat compared with 2012 at 351,430.
That plant, run by Texas American Foodservice, a unit of the American Foodservice Corporation, has gained notice for helping to redeem the Jack in the Box fast-food chain.
Ahold's U.S. Foodservice wholesaling unit, which was responsible for most of a $1.2 billion accounting scandal last year, reported Thursday that its second-quarter operating income climbed to $36 million, reversing a loss of $18 million a year ago.
B9 BUSINESS DAY C1-12 Nine Charged in Fraud Case Nine current and former sales executives from an assortment of food companies were charged with participating in a scheme that created a huge accounting fraud at U.S. Foodservice, a unit of Royal Ahold N.V. that has been under investigation in the United States and in the Netherlands for the last two years.
They focus on business process standardization for the Performance Foodservice business unit.
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