FoodClips
Source: Salisburypost.com
Food Lion's plans for Bi-Lo on back burner
Bi-Lo's bankruptcy-exit plan doesn't include a discussed acquisition by Food Lion, according to a statement released by the Salisbury-based grocer.
Belgian parent company Delhaize Group, parent of the Food Lion supermarket chain, agreed last month to buy a majority of the assets of Bi-Lo in a deal valued at $425 million.
Read more [http://www.salisburypost.com/Area/112709-food-lion-out-of-Bi-Lo-Bankruptcy]
FoodBizIntel®
Food Lion, LLC
Address: 2110 Executive Dr. Salisbury, NC 28145-1330 USA
Telephone: +1-704-633-8250
Fax: n/a
About Food Lion, LLC
Food Lion is a king among grocery chains in the Southeast and Mid-Atlantic regions where it operates about 1,320 supermarkets under the Food Lion, Bloom, Bottom Dollar, and Harveys banners. About half of the company's stores are in the Carolinas, but it also has outlets in nine other states, including Virginia, Maryland, and Tennessee. Food Lion, which prides itself on extra low prices, has taken a beating from low-cost competitors, most notably Wal-Mart Supercenters, and a weak economy. The company's private-label Food Lion brand products accounts for about 20% of sales. Founded in 1957 as Food Town, Food Lion is the largest US subsidiary of Delhaize America, a subsidiary of Brussels-based grocer Delhaize.
FoodBizIntel®
BI-LO, LLC
Address: 208 BI-LO Blvd. Greenville, SC 29607 USA
Telephone: +1-864-213-2500
Fax: 864-234-6999
About BI-LO, LLC
To buy low, try BI-LO. BI-LO operates about 215 supermarkets in North and South Carolina, Georgia, and Tennessee. Many of BI-LO's stores house pharmacies and some boast Starbucks Café kiosks. Brands include national names, as well as BI-LO's own brands: Southern Hearth Bakery items, Full Circle natural and organic foods, Top Care health and beauty aids, and Paws Premium dog and cat foods. Founded in 1964 by Frank Outlaw, the chain is owned by Dallas-based investment firm Lone Star Funds, which acquired BI-LO and its sister chain Bruno's Supermarkets in 2005. Falling sales, increased competition, and reluctant lenders led BI-LO to file for Chapter 11 bankruptcy protection in March 2009.