MAULDIN, S.C. — Bi-Lo may be going from bankruptcy court to the kingdom of its largest competitor. Delhaize Group, the Salisbury, N.C.-based parent of Food Lion stores, last week filed a letter of intent to acquire the “substantial majority” of the assets of Bi-Lo Holdings for $425 million in cash. Bi-Lo, which operates 214 stores in North Carolina, South Carolina, Tennessee and Georgia, has been operating under Chapter 11 bankruptcy protection since March. Food Lion operates more than ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick. What are you waiting for!In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.