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Bi-Lo on the Block: Source

Bi-Lo, the supermarket chain that recently emerged from Chapter 11 bankruptcy protection, is again up for sale and has drawn interest from competitors Kroger and Publix, a source with knowledge of the situation told SN.

Jon Springer, Executive Editor

August 10, 2010

1 Min Read
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JON SPRINGER

GREENVILLE, S.C. — Bi-Lo, the supermarket chain that recently emerged from Chapter 11 bankruptcy protection, is again up for sale and has drawn interest from competitors Kroger and Publix, a source with knowledge of the situation told SN Tuesday.

A spokeswoman for Publix, Lakeland, Fla., on Tuesday told SN that the company was not actively engaged in the purchase of Bi-Lo. A Kroger spokesperson was not immediately available for comment.

Bi-Lo is owned by Lone Star Funds, a Dallas-based private equity investor. Lone Star retained control of the chain during a 13-month restructuring under Chapter 11 bankruptcy that ended in May. Delhaize Group's Food Lion chain had made an offer to acquire Bi-Lo during the bankruptcy process, but a source told SN Tuesday it was unknown whether Delhaize would bid again.

Lone Star, which acquired Bi-Lo from Ahold in 2005, had marketed the chain for sale before the bankruptcy filing, to no avail. The chain operates 207 supermarkets in North Carolina, South Carolina, Georgia and Tennessee.

About the Author

Jon Springer

Executive Editor

Jon Springer is executive editor of Winsight Grocery Business with responsibility for leading its digital news team. Jon has more than 20 years of experience covering consumer business and retail in New York, including more than 14 years at the Retail/Financial desk at Supermarket News. His previous experience includes covering consumer markets for KPMG’s Insiders; the U.S. beverage industry for Beverage Spectrum; and he was a Senior Editor covering commercial real estate and retail for the International Council of Shopping Centers. Jon began his career as a sports reporter and features editor for the Cecil Whig, a daily newspaper in Elkton, Md. Jon is also the author of two books on baseball. He has a Bachelor of Arts degree in English-Journalism from the University of Delaware. He lives in Brooklyn, N.Y. with his family.

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