GREENVILLE, S.C. — Bi-Lo's emergence from Chapter 11 protection — expected at any time now that the retailer has received court approval of its reorganization plans — should buy it time to build on the momentum of an ongoing turnaround and better position it for future consolidation, industry observers told SN. Bi-Lo, which admitted its bankruptcy was precipitated in part by a failure to consummate a sale, steered away from a $425 million acquisition offer from rival Food Lion during the ...
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